@POTUS Our home is our biggest asset. Your rate hike will lose you the Congress.
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Or you can interpret that Fed thinks the economy will be making good progress in recovery that zero % interest rate is no longer necessary. Two years ago you could buy a CD for 2%. There is no reason to keep interest rate at zero if we are going back to a normal economy.
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Sooo…..stagflation like what Nixon/Ford caused? We need Paul Volcker again

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Not sure how raising the interest rate will correct rising costs of raw materials, but I guess that’s why they are in charge and not me,
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So people on a fixed income can get more than .25% interest on their CDs.
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