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Coffee Shop
The Fed
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<blockquote data-quote="Bright Raven" data-source="post: 1519420" data-attributes="member: 27490"><p>The interest rate that the Fed sets for loans to banking institutions also sets the rate for interest on money the US borrows. Raising rates would place a great burden on the Treasury to service foreign and domestic debt instruments to keep government running. Thus, every administration since President Carter has used its influence (they appoint board members and a Chairman that they know will tow the line) to manipulate interest rates.</p></blockquote><p></p>
[QUOTE="Bright Raven, post: 1519420, member: 27490"] The interest rate that the Fed sets for loans to banking institutions also sets the rate for interest on money the US borrows. Raising rates would place a great burden on the Treasury to service foreign and domestic debt instruments to keep government running. Thus, every administration since President Carter has used its influence (they appoint board members and a Chairman that they know will tow the line) to manipulate interest rates. [/QUOTE]
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