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Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says

 
Anonymous Coward
User ID: 73734794
United States
06/06/2021 04:14 PM
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Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
"If we ended up with a slightly higher interest rate environment it would actually be a plus for society's point of view and the Fed's point of view," Yellen told Bloomberg.

[link to www.cnbc.com (secure)]
Anonymous Coward
User ID: 80383760
United Kingdom
06/06/2021 04:18 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
are you like retarded or something?
Anonymous Coward
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06/06/2021 04:18 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
They are starting to admit inflation is going to be an issue.

Best part of inflation is borrowing money today at low rates and paying it back tomorrow with money that is worth less than the money you borrowed
Anonymous Coward
User ID: 80383760
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06/06/2021 04:23 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
They are starting to admit inflation is going to be an issue.

Best part of inflation is borrowing money today at low rates and paying it back tomorrow with money that is worth less than the money you borrowed
 Quoting: Anonymous Coward 79302659


yes sir, seems op said democrat in charge so bad.

low interest rates cause more inflation though.
the problem is weaning the financial fraudsters off the cheap loans.

Seems like if they try to raise interest rates the stocks drop every time.
Anonymous Coward (OP)
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06/06/2021 04:25 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
U.s debt 28 trillion dollars?
Anonymous Coward
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06/06/2021 04:25 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
Historically interest rates run around 4 to 5%.

And that's healthy. It keeps inflation low, rewards saving, and limits frivolous borrowing.
Anonymous Coward (OP)
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06/06/2021 04:28 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
Why the Fed has no choice but to keep cutting interest rates – if it wants to avoid a financial crisis

[link to www.theconversation.com (secure)]

Is the Pentagon 3fiddy army still hiring?
Anonymous Coward
User ID: 73800191
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06/06/2021 04:32 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
Every couple years, they have to hammer the markets down cuz they don’t want plebs to get rich. Powell did it back when he first started. Then covid. 2022 marks 2 years.
Anonymous Coward
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06/06/2021 04:34 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
Historically interest rates run around 4 to 5%.

And that's healthy. It keeps inflation low, rewards saving, and limits frivolous borrowing.
 Quoting: Anonymous Coward 38297166


educate this dummy
clappa
Anonymous Coward
User ID: 77204923
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06/06/2021 04:37 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
Why the Fed has no choice but to keep cutting interest rates – if it wants to avoid a financial crisis

[link to www.theconversation.com (secure)]

Is the Pentagon 3fiddy army still hiring?
 Quoting: Goneviral


The Fed interest rate is at 0.25%
How much lower can you go?
Anonymous Coward
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06/06/2021 05:49 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
do it raise em high dont be pussy
Anonymous Coward
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06/06/2021 05:59 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
do it raise em high dont be pussy
 Quoting: Anonymous Coward 80044072


Can't pay all of its own debt obligations and the market tanks if it raises the interest rates.

It has painted itself into a corner it can't get out of. Can't lower them any further and can't raise them either.

If it could raise the interest rates it would have done it long long ago. They are practically zero right now.
Anonymous Coward
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06/06/2021 06:01 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
are you like retarded or something?
 Quoting: Anonymous Coward 80383760


clappa
Anonymous Coward
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06/06/2021 06:02 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
I'll call her bluff!



D0ITdoIT
Swingline

User ID: 78291643
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06/06/2021 06:03 PM

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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
The interest rates should have never gotten below 4%. When they did, it inflated everything to what we have today. The next biggest bust is upon us...

hiding
Anonymous Coward
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06/06/2021 06:03 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
do it raise em high dont be pussy
 Quoting: Anonymous Coward 80044072


Can't pay all of its own debt obligations and the market tanks if it raises the interest rates.

It has painted itself into a corner it can't get out of. Can't lower them any further and can't raise them either.

If it could raise the interest rates it would have done it long long ago. They are practically zero right now.
 Quoting: Anonymous Coward 79715453


waitwhat

popcorn
Anonymous Coward
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06/06/2021 06:04 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
Raising rates to 3% would indeed make inflation temporary.
PeterWiggin

User ID: 80452472
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06/06/2021 06:04 PM

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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
People who think rates should go up are either ignorant of the consequences of have an agenda.

Interest payments on the debt with higher rates is completely unsustainable.

I don't care either way, just saying
Hope_Full

User ID: 80300264
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06/06/2021 06:05 PM

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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
The interest rates should have never gotten below 4%. When they did, it inflated everything to what we have today. The next biggest bust is upon us...

hiding
 Quoting: Swingline


Everyone who said that the housing market will continue as it has been going...

A 2% jump in mortgage rates will bring this house inflation to a screeching halt.
Anonymous Coward
User ID: 77952124
United States
06/06/2021 06:07 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
do it raise em high dont be pussy
 Quoting: Anonymous Coward 80044072


Like late 70 80s? 15 percent?
Anonymous Coward
User ID: 79752347
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06/06/2021 06:08 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
She’s not wrong. Interest rates have been too low for over a decade.
Anonymous Coward
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06/06/2021 06:11 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
do it raise em high dont be pussy
 Quoting: Anonymous Coward 80044072


Can't pay all of its own debt obligations and the market tanks if it raises the interest rates.

It has painted itself into a corner it can't get out of. Can't lower them any further and can't raise them either.

If it could raise the interest rates it would have done it long long ago. They are practically zero right now.
 Quoting: Anonymous Coward 79715453



This
Anonymous Coward
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06/06/2021 06:11 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
Higher interest rates would be great for those of us with no debt and cash savings.

Bring it on.
Anonymous Coward
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06/06/2021 06:13 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
She’s not Fed Chair any longer..

So forget the long term...just keep party going and get us to the next election.

Screw Powell.

No wonder she took the job.
Anonymous Coward
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06/06/2021 06:25 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
11 percent, coming. Its in cycles. you cant remember because most of you dummies where not alive in the 80s and 90s. Smoke screen tax the one percent only over 400K. Inflation affect all of us. Just by a burger anywhere and compare it costed 2 years ago. Welcome to 5 bucks a gallon soon.
PeterWiggin

User ID: 80452472
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06/06/2021 06:25 PM

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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
Higher interest rates would be great for those of us with no debt and cash savings.

Bring it on.
 Quoting: Anonymous Coward 79785752


Your ignorance is amusing... For several reasons
gs
User ID: 80455197
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06/06/2021 06:29 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
the feds know they are damned people. they are okay with this fact. they know they won't be seeing heaven. they are okay with this fact. they know they are off to the recycle bin.

so what you get is the aftermath from that thought and decision complex.
Anonymous Coward
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Australia
06/06/2021 06:30 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
shutup and get back to work slave. she knows better than you. just keep paying your taxes, we really really need to keep this machine moving. it's best for everyone
Anonymous Coward
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Canada
06/06/2021 06:30 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
"If we ended up with a slightly higher interest rate environment it would actually be a plus for society's point of view and the Fed's point of view," Yellen told Bloomberg.

[link to www.cnbc.com (secure)]
 Quoting: Goneviral


for those with no debt whatsoever and lots of cash laying around.. then yes.
Anonymous Coward
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06/06/2021 06:31 PM
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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
Interest rates have been artificially kept low for years now
PeterWiggin

User ID: 80452472
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06/06/2021 06:31 PM

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Re: Has she lost her mind? Higher interest rates would be good for the country, Treasury Secretary Yellen says
"If we ended up with a slightly higher interest rate environment it would actually be a plus for society's point of view and the Fed's point of view," Yellen told Bloomberg.

[link to www.cnbc.com (secure)]
 Quoting: Goneviral


for those with no debt whatsoever and lots of cash laying around.. then yes.
 Quoting: Anonymous Coward 80377708


Your ignorance is amusing... For several reasons





GLP