The Federal Reserve has painted itself in a box. Raising interest rates would destabilize the economy. Keeping rates well below “normal” creates more distortions in the economy. What should be done? Ending the Fed would be a good place to start so the money manipulators in DC could no longer create inflation and booms and busts. Also, making the dollar as gold should be the goal of the federal government.
Federal Reserve Chair Janet Yellen said Tuesday that the U.S. economy faces a number of uncertainties that require the Fed to proceed cautiously in raising interest rates.
Source: Yellen says uncertainties justify cautious approach – Business – NorthJersey.com