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Is the Fed Doing More Harm than Good?
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Description
FBN’s Gerri Willis on the Federal Reserve’s impact on the economy.
- Duration 0:43
- Date Mar 5, 2012
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Transcript
This transcript is automatically generated
Federal government doing more harm then good for the -- -- economy that is by keeping interest rates at rock bottom levels for years now.
Hello everybody I'm Gerri Willis you know it was supposed to bring us back from the -- boost the economy encourage investment and jobs.
But for anybody with a certificate of deposit or interest bearing checking account you're getting hammered here.
Interest rates are effectively negative 2%.
And that's the impact of the Federal Reserve's ballooning balance sheet some say that pushes the dollar lower and dollar priced commodities like oil higher.
Welcome to the inside out world of the most activist said the country is seen in a hundred years cheap money that is bankrupting our elderly and pushing gas prices through the roof.
