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More pointedly, she added, “Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months.”
Comment:
These people are completely full of crap. Most of the newer jobs I see lately, all around me, is panic spending of tax dollars by Federal to State to county to town to village.
I posted many years ago, that the USA is following Japan lock step with their deflation falling rates situation. So….If we are following Japan, then we need to see Japanese rates go up FIRST. Then we follow.
The central planners are screwed, for a very long time now.
#1 After the 2000-2001 strong dollar peak at 120, their problems started growing.
#2 March ’00 dot come bust ruined many. And started a recession.
#3 Sept 11, 2001 attack during a recession, forced the master planners to drop rates hard and fast, to create a real estate Home Depot spending boom to over ride losses from the dot com boom, and take satisfaction away from the attackers that purposely attacked during a recession, to collapse our economy.
#4 They created that real estate Home Depot spending boom with liar loans, to poor people, who could not even afford up front money to rent houses.
#5 In 2008 it was obvious their real estate Home Depot spending boom blew up in their obnoxiously stupid faces, and were forced to drop rates even more, down near zero.