Jobless Rates at New Lows
The economy continues explode despite the Federal Reserve attempting to deliberately slow it down by 4 recent interest rate raises. The Fed held interest rates at an unprecedented level throughout the entire 8 years of the Obama presidency. In a debt-money – or debt-money economy, the Fed raising interest rates raises the cost of borrowing and slowing the economy. Bill Still reports, drawing upon Charles Payne’s show Making Money on the Fox Business Network. The jobless rates are the lowest on record since 1973.
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