As I recall the last rate hike produced an economic downturn:How did that work out the last time it was tried?IMHO, The Fed needs to stop pussy footing around and raise rates. 1/8 or 1/4 a point per quarter would not be the end of the world.
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You tell me, how did it work out?
"WASHINGTON (AP) — One economist says today’s unemployment report makes it much less likely that the Federal Reserve will raise interest rates between now and the presidential election in November.
"The government says employers added 160,000 jobs in April, the lowest number in seven months.
"Chris Williamson of Markit says the numbers add to the indications that economic weakness is lingering into the second quarter of the year.
"Fed policy makers had earlier indicated that they could raise rates twice this year."
http://wtop.com/government/2016/05/jobs-report-might-delay-further-fed-rate-hikes/