By backstopping any threat to the bull market in equities, we will compensate the banks for taking away their ability to make a profit actually lending money. We like playing bitch ho to the 1% "investor class."
Fed's Kashkari says no urgency to raise U.S. interest rates
The Federal Reserve should not be in any hurry to raise U.S. interest rates because inflation is so low and the economy is still short of full employment, a top Fed official said on Tuesday. "We feel like we can be patient to let the economy continue to heal before we start moving aggressively to raise rates," Minneapolis Fed President Neel Kashkari said at a Town Hall in Marquette, Michigan. "We should take our time when we go ahead and start raising rates again. There's not a huge urgency to raise rates because inflation is coming up low." When they meet later this month Fed policymakers will evaluate a run of ... (full story)