Greenspan and Interest Rates

[Katydid]

I saw Neil Cavuto Fox News talking to investment bankers and analysists this morning about the economy.

They were predicting that the interest rates will be raised by Greenspan as soon as the troops are pulled out of Iraq to boost the economy.

http://www.foxnews.com/story/0,2933,8 5510.html

this was all I could find...then

http://www.npr.org/features/php?wfld-1950679

Can you believe that raising the interest rates will help the economy? How many of you are struggling as it is with interest rates? If anyone decided to take advantage of lower interest rates, they probably wouldn't have time now...

Even Pres. Bush is against raising the interest rates...

[Katydid]

Originally posted by Katydid
I saw Neil Cavuto Fox News talking to investment bankers and analysists this morning about the economy.

They were predicting that the interest rates will be raised by Greenspan as soon as the troops are pulled out of Iraq to boost the economy.

http://www.foxnews.com/story/0,2933,8 5510.html

this was all I could find...then

http://www.npr.org/features/php?wfld-1950679

Can you believe that raising the interest rates will help the economy? How many of you are struggling as it is with interest rates? If anyone decided to take advantage of lower interest rates, they probably wouldn't have time now...

Even Pres. Bush is against raising the interest rates...


Why are my click ons being blanked out?

[Lqskdiver]

Interests rates are monitored by the Fed in order to insure proper cash flow between banks and to stimulate the economy. As of today, interest rates have been at their lowest.

In order to avoid a rise in inflation, rates are raised. This will most likely take place on June 30 according to Greenspan at the next Fed meeting. It just happens to coincide with the Iraq deadline.

But in all honesty, don't expect a mass exodus of troops leaving Iraq just yet.