Janet Yellen's term is up in Feb. 2018. Who should Trump pick as the next chairman?
It is no secret that the low interest rate set by the Fed. over the past 10 years has led to the growth of the stock market.
The rise was partly due to the shift in investment strategy by people with savings in their 401k and IRAs. When the interest rate by banks are less than 1%, it is an easy decision to invest in the market.
Another reason for the low rate by the fed. is to fund the deficit spending by our government. We have racked up the debt to 20 trillion dolars. If the interest rate was at traditional rate of 4-5 percent, our service of the debt will be drastically increased...
In a way, the Fed. has created a bubble in the market.
Now it is time to pay the piper...or continue the pumping...?
It looks like they are going to continue pumping at this point. Bonds have stabilized because the Fed put a little money there. I would rather pay the piper now rather then later, but the Fed has a history of cold feet.
It a good time to take advantage of the market, people are raking in the duo. If you like that sort of thing. The stock market is amazing.
Yes I know. I have made 14% return so far this year, better than past 8 years.
I know this won't continue and all is waiting for the bubble to collapse. I do implement some hedging to protect my investment. Checkout my hub on how to do it...
If the orange POS stays with his pattern on filling in top cabinet positions, he will surely choose someone who is a serious religitard that doesn't know what the Federal Reserve is.
He chose Powell to be the new Chairman of the Fed. I guess it is going to be the same policies as Janet Yellen. They are two peas in a pod.
I don't know why Trump picked Powell, maybe its because he wants the Fed to go down with the ship. Yellen printed a whole lot of money, and Powell will do the same. They have to follow the FR's Road To Roota theory until the system implodes while they soak as much out of the system that they can in unbacked fiat paper money. The game plan is to return to the Golden Age. For now gold and silver prices will continue to be rigged, but hey, its at discounted sale prices. Powell could implode right away, but I am going to guess that won't happen till after the beginning of next year.
Paul , did it hurt badly to lose the election , it sure seems so ?
by fishskinfreak2008 9 years ago
http://finance.yahoo.com/news/Fed-chief … 0&.v=7So what are lawmakers saying about this? According to Senate Minority Leader Mitch McConnell, "I think (that) the chairman is going to be confirmed ON A BI-PARTISAN VOTE". WHAT DO REPUBLICANS KNOW ABOUT BI-PARTISANSHIP?According...
by Evan G Rogers 7 years ago
I've been told numerous times that "creating money out of thin air" is a good thing. And when I argued against it, the "conscience of the liberal" told me I was ignorant.Then, when I pointed out that the money went straight into companies that didn't deserve it, they said...
by Marketing Path 5 years ago
What do you think of the federal reserve?Do you think the Federal reserve [a private banking institution] should be able to loan the U.S Government, at interest it's own money? Or should we get rid of the reserve and print our own money without interest.
by Moderndayslave 7 years ago
This is just One reason we need to end the Fed. http://www.youtube.com/watch?feature=pl … dd4selSYE0
by rakuba 8 years ago
Does Existence of the Federal Reserve Contradict Free Market?
by SparklingJewel 9 years ago
I have patched together from a letter i received in e-mail, the information about Audit the Federal Reserve by several congressional representatives. Some thought the FED was on its way out, but now Senator Dodd's new legislation wants to give them even more control of America's money...even though...
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|