Statement by Janet Yellen, February 24, 2015

http://www.federalreserve.gov/newsevents/testimony/yellen20150224a.pdf

Advertisements
This entry was posted in News and politics and tagged , , , . Bookmark the permalink.

2 Responses to Statement by Janet Yellen, February 24, 2015

  1. Richard W. Walrath says:

    I can’t remember how long a go it was–two or more years–George Will was writing about raising interest rates. The Fed is going to have to raise interest rates some time, why not now? he wrote–two or more years ago. George Will is one of the many rich who want a place to park
    their money @ 5 or 6%, guaranteed by the government, requiring nothing from the individual
    except to be rich. Free tip: No increase in interest rates from the Fed this year!

    • Anyone that has transferred credit card debt from one company to another is going to get lambasted once the interest rates are increased, because with few exceptions new interest rates are “variable”. Let’s say you transfer your credit card debt from one card to another at a reduced rate of 1.99% for a period of 18 months; when that 18 months is up, your new interest rate is going to go up to whatever they indicated it would increase to, plus if there is a “V” next to the percentage it means that rate is variable depending upon the prime. So in addition to the rate automatically going up when the 18 months is over, the rate will automatically go up once the prime increases.

      I’m not sure you’re right about no increase this year – the pay rate increase Walmart is putting into effect April 1 is going to come into play and have a positive effect towards increasing rates. With any kind of luck, the GOP will do their thing and force people to lose jobs, which would have a negative effect – so I guess time will tell.

      You’re usually right about these things and I hope you’re right on this one!!!!! 🙂

      P.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s