US Federal Reserve.

[LlcoolJ]

I have not worked for 18 years due to the withdrawal from the ERM on Black Wednesday.

Is that as a protest?

 

[Notters]

I'm not saying it is going to happen...but raising rates has been used as a weapon to deflate a housing bubble...seeing as this 'recovery' was built on rising house prices...they are going have to be very careful ...oh yes and I remember those rates ....remember the day (Lamont?) base rate went up 3% to protect the pound against the mark...horrible times..I was working for a bank in commercial mortgages ...total mess....I just think Carney is a bit strange in his comments

Would also mean no-one could spend any money on anything else.

 

[alfredmizen]

I wonder if we have been historically sold a lemon regarding interest rates, I grew up in a time when interest rates were seen to control every part of our economic life.

Even when we seem to have eased out of economic meltdown we still have an interest rate that will not be back to our usual levels perhaps for a few years and our economy seems working quite well.

Did we always need to be hammered with interest hikes previously ??

For the record we need to treat economists like football managers, make them more accountable why do they seem to misjudge another set of data and how this might effect future rates blah blah. lets have a league table for this lot.

An economist is someone who tells you tomorrow , why what they said would happen yesterday, didnt happen today !!

 

[Beach Hut]

I wonder if we have been historically sold a lemon regarding interest rates, I grew up in a time when interest rates were seen to control every part of our economic life.

Even when we seem to have eased out of economic meltdown we still have an interest rate that will not be back to our usual levels perhaps for a few years and our economy seems working quite well.

Did we always need to be hammered with interest hikes previously ??

For the record we need to treat economists like football managers, make them more accountable why do they seem to misjudge another set of data and how this might effect future rates blah blah. lets have a league table for this lot.

That lemon was the immediate Bliar decision to make the BOE independent