Message to the Fed: This MUST happen…

The Federal Reserve is leading this country’s economy down the wrong path. Janet Yellen and her colleagues seem to be more than happy to sacrifice the future in order to hold the market together if only for a few more days.

But all they’re really doing is artificially propping up Wall Street and making the inevitable fall even more devastating.

And as more and more leaders in this industry catch on, the Fed seems to be the only one not paying attention. So here’s my message to Yellen and the rest of the Federal Reserve…

Dear Janet Yellen and the Federal Reserve,

It’s time to wake up.

While I understand that you’re trying to do everything in your power to keep the market on track, you simply cannot avoid the cycles of the market that always win.

I also know that you’re trying to A) preserve your legacy as Fed chair, and B) not give the new boss we’ll be voting on in November a reason to fire you.

But what’s the plan? Go to negative interest rates?

Each time you decide to lower interest rates or put off raising them, the positives are diminishing rapidly while the negatives grow.

It’s time to normalize the savings function and cycle of the stock market.

In fact, raising interest rates MUST happen. Take advantage of the recent rally in the stock market and begin now, or else it might be too late…

Why?

Everything is connected. And as the global economy struggles, it’s more and more likely to drag us into a recession along with it.

When that happens, the general rule of thumb is that the Fed will need to lower interest rates some 300 points over time to get us out of that recession.

How can you lower interest rates 300 points when you have us stuck on just 25 points right now?

You need to begin raising rates now so that you’ll have the ability to lower rates when the time comes. Right now, you’re not on that path.

So I ask you to open your eyes to what MUST happen in order to ensure the best possible outcome for this country…

Sincerely,
Jim Samson