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Trish: Let the Spending Spree Continue!

The printing presses will keep on printing!

The Fed injected an unprecedented nearly $3 trillion into our economy over the last four months, and it’s just getting started.

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The Federal Reserve announced today its plan to keep interest rates steady near zero, maintaining that the coronavirus pandemic is still a real threat to the U.S. economy.

Rates will remain near 0 – 0.25 percent, a level the Fed has maintained since mid-March.

It’s almost as though the Fed doesn’t quite recognize the 33.1% annualized growth that our economy logged last quarter…nor does it seem to recognize the strong employment numbers.

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In a statement, the Central Bank said, “until labor market conditions have reached levels consistent with the Committee’s assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”

So, game on.

The market loves it. Of course. The dow jones industrial average is up nearly 600 points.

 

 

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Trish Reganhttps://trishintel.com
Trish Regan is an award winning financial journalist, an American television talk show host and author who interprets political events through an economic lens.

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