Dewey Fernfield
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The Feds primary concern is their member banks. It is a corporation, and the member banks are the shareholders. High inflation kills the banks, because the money being paid back to the bank on their loans is worth less than the money they originally loaned, even with the interest included. Please explain why the Fed would lower rates and spike inflation when it will be detrimental to the banks to which it is beholden? If it maintains the rate hikes and drives the economy into recession / depression, the banks foreclose on the assets, due to defaults, which are bundled… Read more »