Stuck in quagmire, Fed likely won't raise rates

It's a given that the Fed will not raise interest rates...the members have already seen their nest eggs tank in the currently dismal stock market, and they're making sure it doesnt take any more hits.

Leave it to a Bush administration lackey to look out for their own self-interests rather than the bigger picture.

It's a given that the Fed will not raise interest rates...the members have already seen their nest eggs take a hit in the stock market, and they don't want it becoming any worse.

Leave it to a bunch of Bush administration lackeys to look out for their own self interests, rather than considering the big picture.

Boy I'm sure glad that McCain is right and this is just a "mental" recession. What unemployment! What foreclosures! What credit problem! We're just a bunch of whiners who should be kissing Bush's hiney that we've not been attacked again (sarcasm)!

Federal Reserve Chairman Ben Bernanke and his colleagues are being forced to navigate treacherous waters, trying to keep the economy from plunging into a deep recession while worrying about keeping interest rates so low that they could trigger a dangerous inflation spiral.

Interesting! None of the bush admin will admit that we are in a recession but my understanding is you are in a recession if you are worried that we will plunge into a deep recession.

Federal Reserve Chairman Ben Bernanke and his colleagues are being forced to navigate treacherous waters, trying to keep the economy from plunging into a deep recession while worrying about keeping interest rates so low that they could trigger a dangerous inflation spiral.

Interesting! None of the bush admin will admit that we are in a recession but my understanding is you are in a recession if you are worried that we will plunge into a deep recession.

Thank you bush jr for R A P I N G the middle class. It feels so good to get screwed so hard.

another government agency that does nothing UNLESS its in the interest of the "money guys"........
RAISE THE RATE and dont answer when wall st calls..........

U.S. mortgage market giant Freddie Mac's chief executive dismissed internal warnings that could have protected the company from some of the financial problems now engulfing it, the New York Times said, citing more than two dozen current and former high-ranking executives and others.

In 2004, Chief Executive Richard Syron received a memo from Freddie Mac's chief risk officer warning him that the firm was financing questionable loans that threatened its financial health, the paper said.

Though the current housing crisis would have undoubtedly caused problems at both companies, Freddie Mac insiders say Syron heightened those perils by ignoring repeated recommendations, the NY Times said.

The dweeb should go to jail for being stupid. Put him in the same cell with Fastow. Mental midgets!!

More like 'Boxed In' from the mess Greenspan made while he was asleep at the wheel kissing wall street's a$$ in his dreams.

they need to raise the rate

What good does lowing the rate help the lower and middle class people? We are not seeing a benefit from it. The credit cards are raising rates like there's no tomorrow and no bank wants to make a loan for fear of default. The only one the lower rates is helping is the the big companies. So in my little world who gives a rip.

Ok, where is the punch line? The interest rates at 2% have not changed my interest rates that I pay on any of my outstanding debt. The cost of money for me remains the same and is 6 times the rate the banks can borrow at. The real question is not inflation but rather what would happen to the market if people could get their hands on any money below 5%. The auto industry would have increased sales, the home sales at all levels would have increased sales, people would drive the economy forward, fewer layoff's, more hires, increased production, all positive aspects. Who or what derives benefit from the ongoing status of our economy? Why is the feds interest news reported with great importance when nothing changes in the market place of the purchaser? The cure often waits until all profit can be wrung out of the treatment. The phoney interest rate numbers have nothing to do with what I pay on yesterdays credit purchase or tomorrows credit purchase. The only effect I have seen is my employer who justified no raises because look even the interest rate level remains at an all time low of 2%.
Yes be happy you have a job, this is no longer an issue it is a threat. Our being told the banks have money available at 2% while they charge 11.5 for an auto loan and chase has its visa rate at 18% and your best home loan % available is triple what the banks pay to borrow the cash. Some one needs to explain how we can take these folks seriously when the only thing inflating is the debt and my chances of losing my employment.

I do not know why anyone is suprised here...

THE FEDERAL RESERVE is a private corporation created by private bankers for the profit of private bankers.

The american people have been led to believe that the fed is an organization that works in the public interest and one that is a governement organization.

It is not.

It is a private corporation for the benefit of private bankers. Learn the history of the Federal Reserve and once you understand the history of the Fed you will fully understand all of their decisions.

Look up these movies to learn the truth about money and the fed on youtube

money as debt
zeitgeist the federal reserve

Now we can sit back and enjoy stagflation: rising prices, but the economy does not increase with it. Just like the Nixon years. Good ole Republican ingenuity.