/biz/ - Business & Finance

We are undergoing an economic crisis that the Fed is now powerless to stop.

Interest rates this low for this long arguably damage the economy as now markets are reliant on rock bottom interest rates being the new normal. At the same time, inflation is way below target rates, hell in some months we suffer deflation which is unheard of in modern economics.

The Fed is simply unable to raise or lower rates to improve economic conditions. Trillions of dollars in QE were needed just to keep things stable. This is VERY BAD. What we are doing is not working. The Fed has done all they could and pulled out all the stops.

All of this boils down to the fact that the political process is completely deadlocked. The private sector is failing at providing decent investment, while any sort of new public spending is completely off limits. We need a serious public infrastructure plan more than ever.

>>967966
Nearly 0% interest rates and trillions of dollars in QE and we are still within target rates. The Fed is looking for ANY excuse to increase the interest rates, a minimum wage increase won't make a dent.

Seriously, any talk about inflation in the year of our lord 2015 is a fucking meme. Get your shit together.