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Raise interest rates – by how much?

EconoMeter panel anticipates Federal Reserve action


Friday, December 11, 2015

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Kelly Cunningham, National University System
Answer: YES

The federal funds rate should be raised, which will cause the already weakening economy to further slow and go into recession. Zero interest rates take wealth from some people -- mostly middle-class savers -- and gives it to others -- mostly wealthy speculators. You can’t rob the poor, give to the rich, and expect the economy to improve. The rate should be raised to 3 percent over the next two years for a sustainable path of real growth.