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IPFS News Link • Politics: Republican Campaigns

Rand Paul: Is the Fed a Politburo?

• thedailybell.com

The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis. The U.S. central bank's policy-setting committee raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent, ending a lengthy debate about whether the economy was strong enough to withstand higher borrowing costs. – Reuters Dominant Social Theme: This hike was a good move. Yellen "gets it." Free-Market Analysis: Reuters samples lots of opinions in this post-rate hike article. First it sets up the sampling with a brief introduction. Then it begins to provide reactions. The first one is Mike Materasso, Senior Vice President & Co-Chair Fixed Income Policy Committee, Franklin Templeton, New York: "Yellen's press conferences have been erratic. This is one of the better ones. Now we have this out the way. There is a pretty big divergence between the Fed's projection on the fed funds rate and what the market has priced in. There lies where the volatility will be."


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