Author Topic: Fed rate hikes threaten to pop Trump's bubble  (Read 562 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 395,713
  • Let's Go Brandon!
Fed rate hikes threaten to pop Trump's bubble
« on: December 14, 2016, 11:13:30 pm »

Fed rate hikes threaten to pop Trump's bubble

Rates are going up and they could be a problem for the president-elect.

By Ben White

12/14/16 04:27 PM EST


President-elect Donald Trump wants to light a rocket under the U.S. economy. Janet Yellen just started hiding some of the fuel.

The U.S. Federal Reserve on Wednesday raised interest rates for only the second time in a decade with the prospect of as many as three more increases to come in 2017.

Central bank chair Yellen suggested that she and her colleagues would keep their eyes on Trump’s plans for steep tax cuts and infrastructure spending, with the Fed poised to hike faster if the president-elect and the Republican Congress start pumping massive amounts of cash into the economy.

more
http://www.politico.com/story/2016/12/janet-yellen-donald-trump-economy-232652
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline skeeter

  • Hero Member
  • *****
  • Posts: 26,717
  • Gender: Male
Re: Fed rate hikes threaten to pop Trump's bubble
« Reply #1 on: December 14, 2016, 11:20:23 pm »
If Trump follows through with significant tax cuts and reduced regulations then a percentage point or two increase will not matter.

If only he wasn't proposing more drunken sailor spending.

At any rate, if they wanted to damage him politically then perhaps they should wait until he's actually in office.

And whats this about him 'pumping massive amounts of cash into the economy'? Hasn't Yellen heard of QE1-3?
« Last Edit: December 14, 2016, 11:22:28 pm by skeeter »

Offline ABX

  • Hero Member
  • *****
  • Posts: 900
  • Words full of sound and fury, signifying nothing.
Re: Fed rate hikes threaten to pop Trump's bubble
« Reply #2 on: December 14, 2016, 11:20:54 pm »
A rate hike is long over-due. Anyway, Trump doesn't have a bubble yet. The market so far have just reacted to the ending of election uncertainty but no policy has been put in place by him yet.

Offline truth_seeker

  • Hero Member
  • *****
  • Posts: 28,386
  • Gender: Male
  • Common Sense Results Oriented Conservative Veteran
Re: Fed rate hikes threaten to pop Trump's bubble
« Reply #3 on: December 14, 2016, 11:23:56 pm »

Uh, not like any kind of surprise, or related in any way to Trump.

"God must love the common man, he made so many of them.�  Abe Lincoln