Foolish Fed Policy Stopping U.S. Economy From Booming

Powell’s tight money policy is strangling the US economy

Two days after Federal Reserve Chair Jerome Powell announced the central bank’s decision not to reduce interest rates, the Bureau of Labor Statistics reported scathingly bad news about the U.S. economy. Employers added much fewer jobs than expected in July, revised numbers showed that employment and hiring were weak in May and June, and the unemployment rate ticked up again in July, reaching 4.2%.Powell and the Fed have been doing their best to …

Is The Federal Reserve Purposely Trying To Destroy The U.S. Economy?

Oops, they did it again.  Even though the housing market has been in a depressed state for an extended period of time and even though economic conditions are slowing down all over the country, the Federal Reserve has once again refused to lower interest rates.  What in the world are they thinking?  I certainly share President Trump’s frustration with the Fed.  Central banks all over the world have been cutting rates, but our central bank just wo…

Foolish Fed Policy Stopping U.S. Economy From Booming

Federal Reserve keeps interest rates high despite rise in unemployment and economic concerns. Decision unnecessarily suppresses Trump's ongoing economic recovery