Do you think Yellen made the right decision to not raise interest rates for now?

2015-09-20T11:46:53-04:00

http://economictimes.indiatimes.com/markets/stocks/news/why-feds-decision-not-to-raise-rates-may-have-deepened-investors-fears/articleshow/49009045.cms

Although the Feds have said all summer they are going to raise the rates, they decided at the last minute not too....Rates have been down since 2008....They have been artificially low for far too long...and by keeping them low is going to hurt the US as a whole in the long run.

Using China and current low employment and other things as an excuse to keep the rates super low, to me is not a good one.

Yes, it's been awesome for a whole lot of people....the housing market started to boom again which is awesome, but it's hurt many too. Interest paid on CD's and other savings vehicles are super low...so it's give and take...

Now the Feds say they will raise rates in December...this is like the third time they've put off the inevitable. Do they really think that December is going to make a difference or be any better?

Why Fed's decision not to raise rates may have deepened investors' fears

By Peter Eavis Thursday could easily have been a wild day on Wall Street. If the Federal Reserve, at a long-anticipated meeting, had decided to raise interest rates for the first time in nearly a...

Response by MSgt Curtis Ellis made Sep 20 at 2015 11:51 AM

2015-09-20T11:51:12-04:00

Not sure if it's the "right" decision, but definitely a welcomed one for those wishing to prolong purchasing for additional options...

Response by SGT Jerrold Pesz made Sep 20 at 2015 11:55 AM

2015-09-20T11:55:20-04:00

No. It is time for the free ride to end. The near zero interest rates have really hurt many seniors by wiping out a large part of their income in a misguided effort to help "the poor".

Response by SPC Jan Allbright, M.Sc., R.S. made Sep 20 at 2015 11:57 AM

2015-09-20T11:57:05-04:00

Yup ... need a couple more quarters and then we can start ratcheting up the interest rate.

Response by MCPO Roger Collins made Sep 20 at 2015 12:00 PM

2015-09-20T12:00:18-04:00

Absolutely not! We continue living off the credit card ( National Debt) and phantom money (federal Reserve). It has been years and the current balance sheet from them shows that there will be over $4T in debt to be reentered into the economy at some point. That means that now those of us with money in CDs, bank accounts and other cash income producing products are taking it in the shorts, while banks and Wall Street is flush at our expense. The Fed should be eliminated as a unit that has the responsibility for the stabilization of the dollar. They have failed miserably, and there is no recourse through Congressional oversight.
http://www.federalreserve.gov/releases/h41/Current/

Response by MSgt Aaron Brite made Sep 20 at 2015 12:32 PM

2015-09-20T12:32:35-04:00

Lower Interest rates are used to stimulate growth while higher ones regulate inflation. We are below tagets on economic growth and inflation so keeping the rate low was the expected call. Keeping it at zero was a little less expected but not as apocalyptic as the article implied.

Response by COL Ted Mc made Sep 20 at 2015 12:41 PM

2015-09-20T12:41:54-04:00

Sgt Kelli Mays - Sergeant; What level do you suggest that the Fed raise its interest to?

Please remember that every step down the financial ladder that you go from the Fed means that that interest rate is going to be hiked so that when it reaches the "mortgage consumer" a 0.5% increase is likely to translate into a 2.0% increase (which doesn't sound like much by can result in people being forced out of their homes because they can no longer afford their mortgage payments [and those aren't "junk mortgages" either]).

Response by Cpl Private RallyPoint Member made Sep 20 at 2015 12:42 PM

2015-09-20T12:42:32-04:00

Sgt Kelli Mays In my opinion, it was a political decision, not an economic decision. The longer they wait, the more pain we will all feel. The Mises Institute is a great resource why fiat currencies will destroy an economy and country.