YELLEN CUTS CLINTON A BREAK Well now, righties
Post# of 65629
Posted On: 09/22/2016 10:47:52 AM
Quote:
YELLEN CUTS CLINTON A BREAK
Well now, righties, ain't that a bitch? You piss an moan about flagging GDP and fantasize about an economy on a precipice and then you complain about 'propping up by the Fed'.
Try being honest with yourselves, for a change. If you're right about the economy the last thing you would do would be to raise interest rates. UNLESS you want to see a 'stock market disruption' and a wee bit of economic slow down, and perhaps some sh*tty job numbers........over the next 6 weeks!
Oh well, two more job creation and unemployment reports for you to wring your hands over and complain about the 'real unemployment' numbers.....that apparently do not exist during a GOP Administration.
— POLITICO’s Ben White:
“Scratch one big economic worry off the list for Hillary Clinton. Federal Reserve policymakers … kept their key interest rate steady, avoiding a potential stock market disruption and putting the central bank on the sidelines until after Election Day.
Fed Chair Janet Yellen also strongly rejected claims lobbed at her by GOP presidential nominee Donald Trump that she is keeping rates artificially low to boost stock prices and aid Democrats.
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“‘I can say emphatically that partisan politics plays no role in our decisions about the appropriate stance of monetary policy,’ Yellen said at a press conference after the Fed announced its decision. ‘We do not discuss politics at our meetings and we do not take politics into account in our decisions.’
NO MARKET SWOON — “Nonetheless, the Fed’s actions can have significant political consequences. The Federal Open Market Committee's decision means voters are not likely to see big stock price declines or a slowing economy before the Nov. 8 election.
Clinton is counting on slowly improving views of the economy to hold off a late surge from Trump, who has made dissatisfaction with the sluggish pace of growth a centerpiece of his populist campaign. Stocks rose following the Fed’s announcement.
Read more: http://www.politico.com/tipsheets/morning-mon...z4KzkhEVHO
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