Fed Officials Project No Rate Increases Through 2022

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The Fed projects no plans to raise interest rates through 2022 and says it is committed to providing more support to the coronavirus-battered economy

Officials also said they would maintain their recent pace of purchases of Treasury and mortgage securities, effectively ending gradual, weekly reductions.

 

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Market failure is imminent within next 2- 3 months

And by the economy they mean, big banks and corporations...the rest of us, have to go beg Congress, Senate and the Clown in Chief to get a measly amount.

Follow TheNAJournal for non-partisan journalism. No bias... just the news. Not the mainstream media.

cool, I guess?

Jay Powell and federalreserve need to stop with their God complex. The country is fed up with handouts to big banks and over-leveraged corporations and individuals. They need to stop with the purchase of high yield debt, encouraging leveraging, and promoting moral hazard.

Because the economy is ROARING!!

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