| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Life After ZIRP
acting-man.com / MN Gordon / December 18, 2015
Federal Reserve Chair Janet Yellen finally made good on her promise. On Wednesday she raised the federal funds rate to a target range of 0.25 to 0.5 percent. Can you believe it?
After nearly a decade since the last rate hike, and seven years of zero interest rate policy (ZIRP), Yellen stiffened up her spine and did the dirty deed. But, of course, she also placed a hedge. She assured Wall Street she was in no hurry to cut off liquidity. Here’s a brief excerpt from the FOMC statement:
“The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.”
The post Life After ZIRP appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/12/18/life-after-zirp/
