Tuesday, September 24, 2013

Fed is failing to lower interest rates

On September 14, 2012 when the Fed announced QE 3 that was then extended to QE4 and then now to QE unlimited. The bond market has peaked out a year ago at 1.43% at the 10 year treasury note. Mr Bernanke said at that time at a press conference the objective of the fed is to lower interest rate. Since then they have doubled.