Rasputin_Vol
"Slava Ukraina"
- Joined
- Aug 14, 2007
- Messages
- 70,898
- Likes
- 38,919
Frank advised the Fed board not to risk destabilizing markets and perhaps the broader economy a few weeks before Election Day.I think it would be a mistake to do it this close to the election, Frank told The Hill. It will be interpreted, over interpreted."
I would lay out a plan to raise the rate by .25% every 6 months until the rate = 5 or 6 percent. Plan would allow for adjustment for cataclysms. Take our lumps now.
For one, we need to stop punishing folks that have the gumption to save some money, without forcing them to "invest" it in the horse track, errr..., I mean stock market.
Was today part of that market preparation for a 25 bp hike?