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Did The Apolitical Fed Just Admit It May Not Be Raising Rates Before The Election?
The supposedly independent, apolitical Federal Reserve - facing serious pressures from Republicans over leaks and transparency - may have just accidentally admitted it will not be raising rates any time soon (if ever):
- *LOCKHART: ECONOMIC OUTLOOK TO INFLUENCE HOW U.S. VOTES IN 2016
One can only wonder how this will factor into The Fed's "make it up as we go along" strategy as credibility dwindles but survival trumps any populist backlash.
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Now the Fed has an excuse for not raising rates until after November 2016.
Forward
No rate normalization during my lifetime Bernanke
BULLSHIT!
Rates will go up on their own anyway no matter what the Fed does.
And the Feral Reserve will raise rates no matter what!
They have to
Long term, you are correct. Short or medium term- who knows what these counterfeiters will try next.
Apolitical Fed? You mean like the apolitical IRS, the apolitical DHS, the apolitical DOJ and the apolitical EPA? Or did you mean the apolitical HUD, the apolitical HHS and the apolitical CBP?
Here's my reply:
Ain't no such critter.
There is no economic cycle anymore - only a political cycle. 2000 - 2008 - 2016?
The moment the market overtakes the fed and diciplines them into raising rates, or alternatively when the gold "market" finally cracks, it's over. Boom. The HFTs will open up a black hole to hell and it will suck everything in followed directly by an incredibly bright flash of immediate hyperinflation of "developed" economy currencies world-wide.
It will likely be an epic disaster that none will soon forget.
Maybe this is how skynet takes over.
Imagine... a world full of squid-controlled robots sucking the life blood out of everything that moves.
lol - the spice must flow, you know goddam well that someone's got their hand on the plug for when things happen that will make the algos tank the market - we already saw it happen once. those damned inconvenient instant failovers and all...
No credibility whatsoever. no faith means no more credit motherfuckers...
Barring an honest government that is willing to re-attach it's monetary system to reality, it is going to be global weimar.
hedge accordingly.
That's certainly the end-state. The question is how far they're willing to kick this can, grenade, nuke, (now it's a) supernova down the road in exchange for making the resulting crash exponentially larger in scope and depth?
But, but remember the accidental disclosure on the FED's website that said they had already locked in the big rate hike in September?
This is so juvenile it defies belief. Only a bunch of distracted, self absorbed, and apathetic Americans glued to their I-shit would fail to notice this carnival.
There has been history of Fed Chairman being "dismissed" early for not following political requests. Ref: Stockman's book.
Don't put it pass the bankers to raise public rates but keep rates fixed for bankers and govt. They're getting to be real good liars. A lotta bribes to the media helps.
The moment they truly begin raising rates (without some backdoor shenanigans canceling out the action) they blow up the dollar, the banks, the FED and what's left of the illusion of a world economy.
Raise rates = immediate detonation
You are right, of course. so they will slowly boil the frog instead, killing us over a long time with the inflation.
"Sell the car crash and buy the cancer."
can someone tell me why the stocks are up so little???
Oh gee, why could that be now???
must be the damn preppers.. they prep so hard that economy is starting to boom
+100
and dont forget the PM's are on sale too
the rates are never going to be raised again, live with it
The rate increase will be on the fifth of never.
Don't forget blowing up (as in ballooning) the annual budget deficit.
No surprise there. The Fed is not only political it is corrupt to the core and does not have the interest of the American people at heart.
https://biblicisminstitute.wordpress.com/2014/08/24/the-corrupt-federal-...
I would like to be the first here to thank the federal reserve board. If it wasn't for them I would not be the recipient of so many free lunches from members of Zero hedge.;->
The Fed is not going to raise this year. The boy Yellen has played a blinder.
The Fed has never been immune from politics. My 90-year-old mother taught me that the best time to buy a house or car was the summer and fall before a presidential election because interest rates always went down then.
A Apolitical Blues -- Little Feat
https://www.youtube.com/watch?v=TkVijd9g_Hk
September/October 2008, 2012 election cycle.
Any questions?
If I told you once, I told you a thousand times.
The Fed delayed announcing the Recession of 2007 until after the election of 2008
Recession of 2000 is probably more accurate.
By the way, are the Saudi's taking RMB in payment for oil shipments yet...?
A Staggering 23% Unemployment In The United States
In 1994 the Clinton regime stopped counting long-term discouraged workers as unemployed. Clinton wanted his economy to look better than Reagan’s, so he ceased counting the long-term discouraged workers that were part of Reagan’s unemployment rate. John Williams (shadowstats.com) continues to measure the long-term discouraged with the official methodology of that time, and when these unemployed are included, the US rate of unemployment as of July 2015 is 23%, several times higher than during the recession with which Fed chairman Paul Volcker greeted the Reagan presidency.
An unemployment rate of 23% gives economic recovery a new meaning. It has been eighty-five years since the Great Depression, and the US economy is in economic recovery with an unemployment rate close to that of the Great Depression.
The labor force participation rate has declined over the “recovery” that allegedly began in June 2009 and continues today. This is highly unusual. Normally, as an economy recovers jobs rebound, and people flock into the labor force. Based on what he was told by his economic advisors, President Obama attributed the decline in the participation rate to baby boomers taking retirement. In actual fact, over the so-called recovery, job growth has been primarily among those 55 years of age and older. For example, all of the July payroll jobs gains were accounted for by those 55 and older. Those Americans of prime working age (25 to 54 years old) lost 131,000 jobs in July.
http://kingworldnews.com/paul-craig-roberts-the-u-s-economy-continues-it...
janet yellen is a woman
hillary clinton is a woman
raising rates by a woman for a woman running to be the first woman president on the U.S. would be a war on women.
or so im told
That statement has nothing to do with raising rates. Are the real Tylers on vacation?
2016?
Won't do it then either!
FWIW Dept:
This tyme it's realy different[?]
http://www.nytimes.com/1987/06/03/business/eight-years-at-the-monetary-helm.html
http://en.wikipedia.org/wiki/United_States_presidential_election,_1980
You can't taper a PONZI!!
But you CAN taper a turd.
Someone wake me when they admit they can't raise rates EVER because they will blow up the federal government when they do.
Your analysis assumes that they don't, can't, profit from the resulting crisis after raising rates.
They can, and they will--this Fall. As for destroying their DC US governors--that is what NDAA 2012 and the ReadyReserve are for.
The dollar is up on "exit."
Liberty is a demand. Tyranny is submission..
See 1929 and the 1930s for background.
That's the pickle I see them in too. All their talk of raising is nothing more than hot air because the damage even a half a percent hike would do to their own minions would be absolutely crushing. Hiking could cause a half dozen Lehmans within a week or two.
#FedRatesMatter
<-- QE4 in 2015
<-- QE4 in 2016
<----QE4 persistently occurring but unreported
<---- ????
The failure of QE has left them nothing but jawboning. America should put a collective sock in it.
I'm confused. Last week the FED talked about the likelyhood of 2 rate hikes, TWO! That means we are TWICE as "likely" to have a rake hike than before...don't y'all bitchez watch CNBC???
The Federal Reserve is "facing serious pressures from Republicans"? Bwaa-ha-ha-haaa!
A fairly insignificant, by historical standards, qtr point rise of the interest rate will increase the national debt by nearly fifty billion. Case closed.
Call a med team stat!
Hilsenrath is going into a hissy fit.
If we're talking about the 2020 election, then maybe. I still think when they do it , it will be .125% all the way up to 1%. Then QE4 at 1.8 trillion a year.
if apolitical yellen went on public tv, and announced a year ahead of time when, or if the fed was going to,or not going to move the rate.0025% a year ahead of time, it wouldn't help 99% of Americans.
If the political agencies that report cpi, gdp, and inflation rates, would do it truthfully, it would help 99% of Americans within a month.