Many Americans know by now that the Fed's easy money policies have
included not just near-zero interest rates, but several programs of
bond-buying known as "quantitative easing," or QE.Since the start of the 2007-2008 financial crisis, the Federal Reserve has sunk $3.1 trillion into QE, which has bloated the liabilities on the central bank's balance sheet to approximately $4.3 trillion.
I think the last thing this country needs are higher interest rates. Personally speaking, I truly believe our interest rates as a whole, are at an all time higher and therefore, do not only need to go up at all, but I think the Fed should find a way to lower them.
The US economy is not in the position where it can handle a interest rates. New home starts and sales of existing homes have been depressed for the past three months. The growth in employment is flat, we are only creating enough jobs to match the population growth rate. Consumer confidence is still lacking in the overall economy. Now is not the time to raise interest rates.
When interest rates go up, college students suffer because the cost of their education becomes incredibly expensive. Student loans are the only option available for many young people. Increasing the interest rates on these loans would only make these students graduate with more debt. A higher interest rate would also discourage people from buying houses because of high mortgage payments. The Fed should not raise interest rates because it would discourage people from buying houses and continuing their education.