Housing Bubble 2: Return of the Ugly

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Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting (www.cnbc.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 1 month ago

This is a bad take. The federal funds rate is currently about 4.5%, which is a historically normal value. During Clinton's term the rate hovered around 5%. Having the rate at or near 0% is terrible, it means there's no margin left in the economic system and it really only benefits bankers and other financial interests.

4% is a good place for the ffr.

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