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Organization calls on Fed to delay rate increase

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Mortgage Professional America | 13 Nov 2015, 08:15 AM Agree 0
The IMF is advising the Federal Reserve to hold off on raising its key interest rate at next month’s meeting and understandably many originators agree
  • Anonymous | | 13 Nov 2015, 12:42 PM Agree 0
    The rest of the developed world is either implementing QE right now or reducing rates, and now the IMF is stepping in and urging the Fed to stay put. What a bunch of "head in the clouds," clueless, out of touch, millionaire academics these Fed officials are. The Fed needs to leave well enough alone and keep things steady. How on Earth can they see any upside to raising rates now? This so called "recovery" is fragile and fleeting at best. The real numbers show otherwise. They risk destroying any progress by raising rates now, and the rest of the world knows it. Good grief, where do they get these people and why do they hold do much power over the rest of us?
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