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Maybe it should cause re-instatement of the full Dodd-Frank law so they run there stress test and cannot say they couldn't have seen this coming.
by strangattractor 4y ago
Maybe it should cause re-instatement of the full Dodd-Frank law so they run there stress test and cannot say they couldn't have seen this coming.
- PaulHoule 4y agoI dunno. But the immediate concern is that there are many things that will break when interest rates go up. For instance somebody who has a variable rate mortgage that is all they can afford now will struggle to pay their mortgage. People will be really pissed when their "safe" bond funds drop in value. If the Fed is afraid to break things by raising rates it won't have raising rates available as a tool for managing inflation for one thing.