Viewing a response to: @joshsigurdson/3cdpb8gj
>The price of living continues to skyrocket as the Federal Reserve prints currency out of thin air. No they can’t create money out of thin air. What the Fed does is just an asset swap (e.g. cash for bank money or central bank money for bonds, which private banks already own). >The Fed has been raising interest rates in order to avoid negative interest rates in the next crash as much as they can... The Fed has raised interest rates and the market completely reversed it as I show here: https://steemit.com/federealreserve/@stehaller/the-market-doesn-t-care-about-the-fed-do-you (This article was quoted in Forbes magazine [here](https://www.forbes.com/sites/johntamny/2019/02/24/sorry-mystics-trump-didnt-talk-up-the-markets-by-smacking-down-the-fed/#4bf069716380)) and here: https://steemit.com/money/@stehaller/does-the-fed-keep-interest-rates-artificially-low So what power has the FED?
author | stehaller |
---|---|
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