Hillary Clinton, the United States president in waiting, commented on the Federal Reserve potentially increasing interest rates at its next Federal Open Market Committee (FOMC) meeting next week. Clinton, who is leading by nearly 30 points over Bernie Sanders, told reporters at a campaign event that the financial markets have “already processed” a possible rate hike.
Here is her statement on the central bank raising rates:
“The Fed has been signaling this for a very long time if they do make this decision by the end of the year … I think the markets in the U.S. and the world will have already processed that and they have laid out what criteria they think should be applied.”
Although the Republicans have briefly discussed the Fed during this election cycle, the Democrats have been very quiet on the Fed. Sanders, for instance, keeps talking about economic ills and income inequality, but he refuses to talk about how the Fed has contributed to this.
–AM
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