Banking, finance, and taxes
Fed Governor Raskin Sticks with Low Rates for Considerable Time
Published:
Last Updated:
Federal Reserve Governor Sarah Bloom Raskin is speaking Friday at the National Community Reinvestment Coalition annual conference in Washington, D.C. She took office in 2010 and will have an unexpired term until the end of January in 2016. While her focus in today’s speech is on low and moderate income working Americans, the issue of course is yet again the comments about how long quantitative easing and low rates, or no rates, will last.
Governor Raskin signaled that the Great Recession hit the lower-income and moderate income Americans the hardest. One point of interest is that Raskin said that the Fed’s interest rate policy has little impact on the types of jobs created. That is even though she said that there is evidence that Federal Reserve policies are working to boost the economy and to help create jobs.
On the rate front, Raskin confirmed that interest rates will be kept low for “a considerable time.” That may be all you need to know. Still, is it a success if everyone has a job but that job is at minimum wage?
Here is Raskin’s full speech.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
