Peter Schiff certainly thinks so. I'm not sure I agree with that, because we all know that the DC is controlled internationally, and therefore not necessarily concerned with whom gets in, as long as it's a leashed candidate, but you never know. Yo.
The Federal Reserve won't raise interest rates for fear of triggering a recession that will hand the White House to Republicans in next year's election, says Peter Schiff, CEO of Euro Pacific Capital.
Deterioration in the jobs market and factory activity will dissuade Fed Chair Janet Yellen from raising borrowing costs for consumers and businesses, he says in a commentary on RealClearMarkets. Yellen in the past few months has said repeatedly that a rate hike is coming later this year.
“If weakening conditions prevent the Fed from pulling the rate hike trigger by December, can we really expect it to do it in the election year of 2016?” Schiff says. “Does anyone really expect the left-leaning Federal Reserve led by Janet Yellen to do that? We may not see a rate increase until 2017, even if conditions improve, which is a dubious proposition.”
http://www.newsmax.com/Finance/Stre...n-Federal-Reserve-rates/2015/10/06/id/694904/
NOTE: Other publications do think and have in fact commented on the ratings hike not happening this year, despite the fact the ol' Yellen is barking warnings about it.
A good example of politicians squabbling and having little regard for anything else but whether they can get a one up on the other side.
The Federal Reserve won't raise interest rates for fear of triggering a recession that will hand the White House to Republicans in next year's election, says Peter Schiff, CEO of Euro Pacific Capital.
Deterioration in the jobs market and factory activity will dissuade Fed Chair Janet Yellen from raising borrowing costs for consumers and businesses, he says in a commentary on RealClearMarkets. Yellen in the past few months has said repeatedly that a rate hike is coming later this year.
“If weakening conditions prevent the Fed from pulling the rate hike trigger by December, can we really expect it to do it in the election year of 2016?” Schiff says. “Does anyone really expect the left-leaning Federal Reserve led by Janet Yellen to do that? We may not see a rate increase until 2017, even if conditions improve, which is a dubious proposition.”
http://www.newsmax.com/Finance/Stre...n-Federal-Reserve-rates/2015/10/06/id/694904/
NOTE: Other publications do think and have in fact commented on the ratings hike not happening this year, despite the fact the ol' Yellen is barking warnings about it.
A good example of politicians squabbling and having little regard for anything else but whether they can get a one up on the other side.
