Fed to keep rates exceptionally low through at least late 2014

[Valox]

To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.
FRB: Press Release--Federal Reserve issues FOMC statement--January 25, 2012

Bernanke to America: Go borrow, borrow, borrow, and spend, spend, spend.

 

[Mad Scientist]

Actually, the low rate is what the Federal Reserve gives to Banks that it loans to. Those Banks in turn loan us that same money at up to 30% interest.

Banks don't loan money at 30% you dumbass!

Have you looked at your Bank Credit Card rates lately? Or ever for that matter?

See how that works? Check my sig line.