Tags: yellen | interest | fed

Janet Yellen's Interest Rate Would Rise 1,000 Percent

Wednesday, 20 Aug 2014 12:14 PM

By Ben Stein's DREEMZ

The Fed Chair, Dr. Janet Yellen, has advised that she plans to see the short term Fed borrowing rate rise from .25 percent to 2.5 percent within about two years. This would mark the end of a fantastically long period of the Fed keeping interest rates at essentially zero.

My mind goes back to the great economist, Edward F. Denison, of the Committee for Economic Development. Dr. Denison wisely told my pop that if an interest rate goes from 1 percent to 2 percent, that’s not a rise of 1 percent. That’s a rise of 100 percent.

So, Mrs. Yellen apparently has in mind a rise of roughly 1,000 percent for the short-term rate. 

To read more, Go Here Now. Read more reports from Ben Stein — Click Here Now.
 


© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Obama's Political Charade Divides Nation, Incites Anger

Thursday, 22 Jan 2015 15:43 PM

Mr. Obama’s theatrics are a carnival sideshow, designed to appeal to the Elizabeth Warren College of Envy. . . .

Obama Sticks It to the GOP in His Address

Wednesday, 21 Jan 2015 10:34 AM

He wants to make a kinder, gentler politics in America. He sticks it to the Republicans any chance he gets, . . .

Tough Force of Many Needed to Stop the Few Who Kill

Monday, 12 Jan 2015 17:19 PM

The problem is Muslims who like to kill. Only a few can wreck life in Europe. . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved