Posted On: 12/24/2016 10:37:57 AM
Post# of 65629
But 'little Barry' had nothing to do with the Fed actions on interest rates. No president has anything to do with that.
However there were sound reasons for two Fed chairman to maintain 'expansionary money policy'.
Would you have preferred a non-existent housing recovery and a slower business recovery?
However there were sound reasons for two Fed chairman to maintain 'expansionary money policy'.
Would you have preferred a non-existent housing recovery and a slower business recovery?
Quote:
Maintained Continuation of Federal Reserve Policy - Obama appointed Federal Reserve Vice-Chair Janet Yellen to replace Ben Bernanke. She maintained an expansionary monetary policy that created the lowest interest rates in 200 years. That allowed the early stages of the housing recovery, and slow but steady business expansion, to continue. For more, see Relationship Between Treasury Notes and Mortgage Rates.
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