Wilhoit's Weekly Words of Wisdom
Posted on 30 Oct 2013 at 9:56am
Now that the President has settled on a new Fed Chair what does that mean for interest rates? The presumed course of action was a gradual rise in rates beginning next year (although that has already begun). Then, low and behold, we have a month of political circus acts that threatens to derail the recovery. The end result is that current Fed policy will remain "for an extended period". Possibly into 2015. Call them artificial rates if you want, but they are here to stay.
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