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General Electric Company Message Board

  • questioner775 questioner775 Sep 15, 2005 8:19 PM Flag

    Fed ALWAYS pushes rate hikes too far

    You have a few idiots on the committee who constantly scream to raise rates regardless of what the economic situation shows. Once the others give in to them it seems like they are hesitant to stand up for stopping the increases until it is obvious that they have moved too far - which they have already done. Plus, even though they say they are moving the rates gradually they never wait to measure the effect of the previous hikes before they are hiking it again.

    Look for the Fed to put the economy in a tailspin AGAIN - especially given what just happened with Katrina and with more hurricanes on the way. The Fed seems to be full of slow learners. You'd think they would review their previous mistakes before making the same mistake AGAIN.

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    • the short term rate has less to do with real spending growth if that is what you worry about. Housing price goes up with consecutive rate hike. Spending has been growing as well. Inflation is under control without weighing food and gas;) Of cause, it's a short term rate in raise, not long term instead. The big impacts to slow down economy have come from somewhere else, but not short term rate. There is no way that a short rate at this level can trash growth.

      Internet bubble burst has more to do with supply and demand. Their earnings were not there for big promises. But earnings from technology intensive companies have been much less associated with rate hike if not zero.

 
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