The Fed is keeping rates artificially low because the Fed is run by investment bankers who benefit from that bubble.
Do you doubt it (sic) a bubble?
Originally Posted by WTF
I have no doubt your brain looks like a bubble.
How is the Fed keeping interest rates "artificially" low?
Quantitative easing stopped years ago. That was odumbo's gig. During his tenure, successive bouts of QE exploded the Fed's balance sheet from $900 billion to $4.5 trillion!
Since trumpy took office, the Fed's balance sheet has been receding again, except for a recent uptick due to short-term repo* purchases.
*(Look it up, grasshopper. Or ask Tiny or CaptainMidnight. We're not referring to your car being towed.)
And while you're doing your research, please tell us which members of the Fed are investment bankers and explain how they are personally benefiting from whatever bubble you think they are inflating.
Here's the list of the current FOMC members, so please be specific:
2020 Committee Members
Jerome H. Powell, Board of Governors, Chairman
John C. Williams, New York, Vice Chairman
Michelle W. Bowman, Board of Governors
Lael Brainard, Board of Governors
Richard H. Clarida, Board of Governors
Patrick Harker, Philadelphia
Robert S. Kaplan, Dallas
Neel Kashkari, Minneapolis
Loretta J. Mester, Cleveland
Randal K. Quarles, Board of Governors
Alternate Members
Thomas I. Barkin, Richmond
Raphael W. Bostic, Atlanta
Mary C. Daly, San Francisco
Charles L. Evans, Chicago
Michael Strine, First Vice President, New York