We need to have some ability to adjust rates or we’ll end up charging savers so we can continue near-zero interest rates on loans. Corporations have been chasing low interest rates around the globe and we’ve run out of places to go.The scary thing is we have only 1 post-graduate economist in congress and less than a dozen engineers, so, we’re not in good hands for a high tech economy and have to count on the Fed to make up for the lack of congressional competence.
We need to have some ability to adjust rates or we’ll end up charging savers so we can continue near-zero interest rates on loans. Corporations have been chasing low interest rates around the globe and we’ve run out of places to go.The scary thing is we have only 1 post-graduate economist in congress and less than a dozen engineers, so, we’re not in good hands for a high tech economy and have to count on the Fed to make up for the lack of congressional competence.