Financial Focus: Why Not Lower Interest Rates for a Janet 401k Bump?
Federal Reserve Board Chair Janet Yellen believes our economy is strong. She believes that good jobs are being created and that we don’t want to get too strong because in her opinion, if we do then she has to make interest rates higher- so the economy can cool down. She wants the Fed to start this process, of raising interest rates, as early as September. Yellen, and the Board, have said their number one target would be inflation. According to Yellen, if we go over two percent inflation” then we are going too fast. Well, firstly, I come from the
