Posted on November 1, 2010.
Martha Hicks says...
Over the past 20 years, even longer, administrations have notdirectly had a hand in setting interest rates.
Until the current administration we have had a fairly flat rate of inflation, and interest rates tend to have a premium to account for inflation. This administration has seen inflation double and more, with an attendant interest increase.
When expressed as interest net of inflation, current interest rates are low, low enough to create inflationif there were consumer confidence in the economy.
Posted on November 6, 2010
i would like to know how The currenteconomy Interest Rates Comparing Those With sincere administrations of 1988.