Unsustainably low rates didn’t solve the problem.
If they had, Americans wouldn’t be stuck in the slowest, worst-performing economic recovery of our lifetimes. Too many people are trapped in part-time work and more Americans than ever before have left the workforce all together. We can and must do better.
We need economically sustainable rates.
The real question isn’t whether the Fed should be raising interest rates or lowering interest rates; it’s whether the rates are economically sustainable. Market-based interest rates are better for consumers, investors and our economy overall.
A more predictable Fed would mean a stronger economy.
When the American market is whipped into a frenzy over whether or not the Fed will act, it hurts real Americans on Main Street. Fortunately, the House has passed a bipartisan measure to make the Fed more transparent and accountable than ever before. The Fed Oversight Reform and Modernization Act would expand opportunity by providing consumers, job creators and investors more confidence in making financial plans.