Dems Pushing Yellen to Hold Off on Rate Hike

[Dont Taz Me Bro]

I don't get what they are so concerned about. All we've heard is how Obama has delivered us a revived bustling economy. If that's truly the case then there should be no issue with a modest hike in interest rates, which have been far too low for far too long. Sounds like they are more concerned about hurting Hillary's chances of winning the White House than they are about economic prosperity.

Could an 'accident' by Janet Yellen derail Clinton?

 

[Cosmos]

I don't see how this could hurt Hillary. Any deleterious effects of a rate hike would be Bush's fault.

 

[Sonny Clark]

I don't get what they are so concerned about. All we've heard is how Obama has delivered us a revived bustling economy. If that's truly the case then there should be no issue with a modest hike in interest rates, which have been far too low for far too long. Sounds like they are more concerned about hurting Hillary's chances of winning the White House than they are about economic prosperity.

Could an 'accident' by Janet Yellen derail Clinton?

U.S. manufacturing shrinks for first time in 3 years

U.S. manufacturing shrinks for first time in 3 years

A strong U.S. dollar and a slowing global economy is hurting American manufacturing.
The U.S. manufacturing sector shrank in November for the first time in three years, according to the Institute for Supply Management (ISM). The ISM index hit 48.6% last month -- anything below 50% means the sector contracted. The November reading is the lowest it's been since 2009.

"Manufacturing is being pummeled by the stronger dollar and the weakness of global demand," says Paul Ashworth, chief U.S. economist at Capital Economics, a research firm. But Ashworth says the news isn't an indication of a looming U.S. recession.

The ISM index has declined for five straight months now.

Only five of the 18 manufacturing sectors in the U.S. actually grew.
It's a grim confirmation that the headwinds of the global economic slowdown are hurting factories and plants across the country.
As the dollar has gained value, U.S. exports have fallen 6% so far this year compared to the same time a year ago, according to the Census Bureau.

 

[Soggy in NOLA]

They're going to do whatever they can to postpone the crash... but it is coming... and it is going to be massive. The last one will look like day in the park.

 

[Soggy in NOLA]

Oh.. and for the terminally stupid... there really has been no recovery. And yes, that is Bush's fault.

 

[Sonny Clark]

Oh.. and for the terminally stupid... there really has been no recovery. And yes, that is Bush's fault.

How is it Bush's fault? Excuse me, but hasn't Mr. Obama been in the oval office for the past 7 years? FYI - Mr. Obama has had more than enough time to right the sinking ship. Please explain how it's Bush's fault after 7 years of Obama being in charge.

Thanks.

 

[LordBrownTrout]

If the economy is so great then they shouldn't be concerned with raising rates.

 

[Staidhup]

The FMOC projects forward growth in GDP, manufacturing, and durable good orders to remain sluggish at best. The Fed will increase rates to ease inflationary pressure. Yellen has backed herself and the Fed in a corner, the market has responded, to pull back and reverse their decision now would discredit the Fed further.

 

[Avorysuds]

I don't get what they are so concerned about. All we've heard is how Obama has delivered us a revived bustling economy. If that's truly the case then there should be no issue with a modest hike in interest rates, which have been far too low for far too long. Sounds like they are more concerned about hurting Hillary's chances of winning the White House than they are about economic prosperity.

Could an 'accident' by Janet Yellen derail Clinton?

Goes to show that the FedR is nothing more than a political machine.

I think a rate hike would be funny to watch the giant tank in the stock market, followed by a giant come back and then a slow decline over the years to come.

 

[Toro]

I don't get what they are so concerned about. All we've heard is how Obama has delivered us a revived bustling economy. If that's truly the case then there should be no issue with a modest hike in interest rates, which have been far too low for far too long. Sounds like they are more concerned about hurting Hillary's chances of winning the White House than they are about economic prosperity.

Could an 'accident' by Janet Yellen derail Clinton?

Agreed.

It's ridiculous.

An increase in the rate is a sign of strength. It is warranted.

If the economy can't handle a rate increase from 0.00% to 0.25%, then the economy is so fragile, Democrats shouldn't run on it.

 

[Toro]

Goes to show that the FedR is nothing more than a political machine.

I think a rate hike would be funny to watch the giant tank in the stock market, followed by a giant come back and then a slow decline over the years to come.

I think the stock market would probably go down several hundred points over a day or two if they don't raise. It would signal that the Fed thinks the economy is weak.

 

[BluesLegend]

Democrats are liars and hypocrites. They simultaneously tell us how awesome the economy is under Obama while at the same time telling us how much the poor and middle class are struggling more than ever. When you tell as many lies as they do eventually they come back to bite you in the ass.

 

[g5000]

I don't get what they are so concerned about. All we've heard is how Obama has delivered us a revived bustling economy. If that's truly the case then there should be no issue with a modest hike in interest rates, which have been far too low for far too long. Sounds like they are more concerned about hurting Hillary's chances of winning the White House than they are about economic prosperity.

Could an 'accident' by Janet Yellen derail Clinton?

This is exactly why Congress should NEVER have their hands on the monetary printing press.

It should be left to the experts.

And before some End-The-Fed head loses it, just remember: The perfect is the enemy of the good.

 

[waltky]

Yellen gonna wait fer now an' raise rates later...

Yellen says Fed rate hike likely appropriate in coming months
May 27, 2016 - The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July.

"It's appropriate ... for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate," Yellen said during an appearance at Harvard University. Her comments, while balanced, suggested the powerful Fed chair is on board with several of her colleagues who in recent weeks have said the central bank is preparing to follow up on an initial policy tightening in December.

Although Yellen expressed caution about too steep a rise in U.S. rates, she sounded more confident than she has in the past that the U.S. economy has rebounded from a weak winter and that inflation would edge higher toward the Fed's 2 percent target. "The economy is continuing to improve ... growth looks to be picking up," Yellen told a group of professors and alumni at the Ivy League college in Cambridge, Massachusetts. She expects the labor market to continue to improve despite much progress because "further gains are possible," she said under an open-air tent on campus. Prices for U.S. Treasuries fell after Yellen's remarks, while stocks rose. The U.S. dollar <.DXY> was trading higher against a basket of currencies.

The probability of a rate hike at the Federal Open Market Committee's June 14-15 meeting rose to 34 percent from 30 percent before Yellen's remarks, according to CME Group, where the futures contracts are traded. Bets on a rate increase at the July 26-27 policy meeting edged up to 60 percent, more than double the estimate from a month ago. The Fed raised its key benchmark interest rate in December for the first time in nearly a decade, but has held off since then due to concerns earlier this year about a global economic slowdown and financial market volatility. Those concerns have subsided somewhat in recent months.

In recent weeks, several Fed policymakers have reacted to stronger U.S. economic data including on housing and retail sales by putting a rate hike squarely on the table for either June or July. Earlier on Friday, the government revised higher its first-quarter GDP growth estimate to 0.8 percent, from 0.5 percent. Yellen's comment "reinforces the signals on early rate hikes communicated recently by her FOMC colleagues," Mohamed El-Erian, chief economic adviser at Allianz, said via Twitter of the policy-making Federal Open Market Committee. Weak oil prices and a strong dollar have been blamed for helping to keep U.S. inflation below the central bank's target.

MORE