Anonymous ID: 8e76bf Oct. 7, 2018, 6:31 a.m. No.3379692   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>9721

>>3379677

Fed Killing the Economy โ€“ John Williams

Economist John Williams says the recent rate hikes mean the โ€œFed is killing off the economy.โ€

Williams says, โ€œI heard President Trump make some comments to that effect, and heโ€™s right. The Fed is trying to raise rates. The idea is if you get higher rates, the banks will be able to make more profits on their lending. It will also encourage bank lending. Unfortunately, on the consumer end, it raises the consumersโ€™ cost of borrowing as interest rates go up. It makes mortgages more expensive. It makes borrowing more expensive. Mortgages go up, people donโ€™t buy as many houses. What you are seeing right now is effectively a recession in the housing market, in the construction area. Existing home sales have been down for six or seven months in a row, and itโ€™s down year over year.โ€

 

https://usawatchdog.com/fed-killing-the-economy-john-williams/