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joshcryer

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49. How has it hurt employment, prices, and interest rates?

Fri Sep 19, 2014, 06:36 AM

Sep 2014

How does raising interest rates help prices and employment? It's a balance. And we're still coming out of a very bad recession.

The Fed is having to deal with a do-nothing congress and is merely keeping things balanced until actual reforms can be done. They have no power beyond that. Raise those interests rates and you put millions out of jobs.

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Yellen Says US Families Need to Boost Savings [View all] Newsjock Sep 2014 OP

ohhhh! and here i was, thinking i was doing the right thing by racking up debt and pissing it away. unblock Sep 2014 #1

"you riff raff need to spend less on food and housing so my wealthy friends can have more" nt msongs Sep 2014 #2

That's really the only song they sing in DC. FiveGoodMen Sep 2014 #5

Christ jamzrockz Sep 2014 #18

Yeah? Then increase wages and bump up the interest rate Warpy Sep 2014 #3

Uh..we DID boost savings.... dixiegrrrrl Sep 2014 #7

+100! Nt politicat Sep 2014 #31

Pardon me for a moment Sherman A1 Sep 2014 #4

Totally with you on this one. LoisB Sep 2014 #22

I'm so sick and tired of this shit IkeRepublican Sep 2014 #6

...^ that 840high Sep 2014 #42

Great advice Janet! ForgoTheConsequence Sep 2014 #8

She's not listening. christx30 Sep 2014 #24

This message was self-deleted by its author heaven05 Sep 2014 #9

In defense of Yellen rogerashton Sep 2014 #10

The problem is starvation wages and no respect for working people. Demeter Sep 2014 #32

Baloney rogerashton Sep 2014 #34

Listen buddy Demeter Sep 2014 #35

you know it, Demeter Skittles Sep 2014 #40

What power does Yellen have to help you? joshcryer Sep 2014 #47

Yellen was a transition pick, and she's right. joshcryer Sep 2014 #48

That's what she said! joshcryer Sep 2014 #46

She wants to focus on the problem? Good! dixiegrrrrl Sep 2014 #37

Stop Making Sense.. sendero Sep 2014 #41

How has it hurt employment, prices, and interest rates? joshcryer Sep 2014 #49

Her power is limited. rogerashton Sep 2014 #52

The plan is to not let the peons have any wealth thus upaloopa Sep 2014 #11

Those who have jobs or retired need to live beneath our incomes, as far as No Vested Interest Sep 2014 #12

All of my debt is from paying off medical bills from surgery last year. Boomerproud Sep 2014 #29

Medical bills have been the largest single cause of bankrupcies. No Vested Interest Sep 2014 #36

We gotta have something left to save first. Brigid Sep 2014 #13

Thank you. Delphinus Sep 2014 #50

This would be informative Doc Holliday Sep 2014 #14

We couldn't even get a Sears CC mimi85 Sep 2014 #17

Cheapskate? I prefer to say frugal. nt No Vested Interest Sep 2014 #19

So true. mimi85 Sep 2014 #45

Dah! ebbie15644 Sep 2014 #15

Yellen needs to cut her pay to $9/hr and let us know how much she's able to save. hobbit709 Sep 2014 #16

Oh, let me get right on that... cactusfractal Sep 2014 #20

WTF??!! How can you "save" when all of your money is spent on essentials... rury Sep 2014 #21

I read it: LoisB Sep 2014 #23

These people that we put into such power are soooooo out of touch with the reality of the middle. YOHABLO Sep 2014 #25

Whoever appointed her should have done a better job. FiveGoodMen Sep 2014 #26

Declining income=declining savings? Boomerproud Sep 2014 #27

Except that she did not say that. Read the transcript before expressing outrage (nt) Nye Bevan Sep 2014 #28

Look dude, this is what was quoted by ABC news .. I see no transcripts .. so WTF? YOHABLO Sep 2014 #30

I read the ABC article and I saw no such quote. It appears that ABC made up the headline. spooky3 Sep 2014 #44

Not a problem! We can just click the heels of our Ruby Slippers together three times, Zorra Sep 2014 #33

US rich need to stop hoarding. GeorgeGist Sep 2014 #38

Let them eat cake! Marthe48 Sep 2014 #39

What's the Point of Saving? november3rd Sep 2014 #43

The little money I get goes to support my addictions and those of my masters. Half-Century Man Sep 2014 #51