Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5% (user search)

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Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5% (search mode)

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Topic: Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5% (Read 1500 times)

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shua
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Re: Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5%

« on: December 17, 2012, 12:09:25 AM »

Seems like there'd be a downside to having near zero interest rates for the better part of a decade (?)

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🐒Gods of Prosperity🔱🐲💸
shua
Atlas Star

Posts: 25,732

Political Matrix
E: 1.29, S: -0.70

Re: Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5%

« Reply #1 on: December 17, 2012, 08:11:22 PM »

Quote from: King on December 17, 2012, 01:37:02 AM

Quote from: shua, gm on December 17, 2012, 12:09:25 AM

Seems like there'd be a downside to having near zero interest rates for the better part of a decade (?)

Yes, but there's also a downside to raise interest in a economy that's down on its GDP goals. We should have raised interest rates, taxes, and cut spending in 2004-2007 but failed. Overcompensating for those mistakes now isn't helpful.

I think interest rates did rise during most of that period.

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