tag:blogger.com,1999:blog-3758330678390419129.post5039912474707465517..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: BREAKING 6 Fed Banks Wanted Rate Hike in JuneRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3758330678390419129.post-85745942017929203152016-07-12T20:27:59.451-04:002016-07-12T20:27:59.451-04:00As a saver I want the financial repression to end ...As a saver I want the financial repression to end but I don't see it ending any time soon. Short of a crisis that forces a substantial hike in rates or a tiny elite having nothing left to buy there might not even be an ending over the horizon. A privileged class as become accustomed to free money and so has government. The fed might raise rates 0.25% a year for four or five years but that'Jimmy Joe Meekerhttps://www.blogger.com/profile/09559104650594440766noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-246418066433135972016-07-12T18:24:42.789-04:002016-07-12T18:24:42.789-04:00A broken clock is right twice a day. One day Wenze...A broken clock is right twice a day. One day Wenzel will catch up to that clock!D. Lawless Hardwarehttps://www.blogger.com/profile/10416599643576620796noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-44595057945098573522016-07-12T16:54:24.461-04:002016-07-12T16:54:24.461-04:00Yes, it is obvious you are sleeping. We know.Yes, it is obvious you are sleeping. We know.Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10242243049969923572016-07-12T16:53:59.949-04:002016-07-12T16:53:59.949-04:00Section 19 of the Federal Reserve Act only stipula...Section 19 of the Federal Reserve Act only stipulates that Fed branches can request an increase in the discount rate (Not the Fed Funds rate). It is commonly understood that branches requesting an increase in the discount rate are signalling to the FOMC that they want all Fed rates higher--including the Fed Funds rate.Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-20453581986604221852016-07-12T16:04:53.900-04:002016-07-12T16:04:53.900-04:00wake me up when they actually do itwake me up when they actually do itJessehttps://www.blogger.com/profile/17491735038689935589noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-8433671972386280272016-07-12T15:44:11.642-04:002016-07-12T15:44:11.642-04:00Those banks wanted a hike in the discount rate, no...Those banks wanted a hike in the discount rate, not the Fed funds rate. When people talk about the Fed "hiking rates" at the FOMC meeting they're talking about the Fed funds rate unless otherwise specified. Neilhttps://www.blogger.com/profile/01380636832924052375noreply@blogger.com