Quote:
Originally Posted by powderjunkie
He didn't. He said they'd be low for a long time. He didn't define 'long time'.
He said they'd be low as long as inflation was below 2%, which they projected to be at least early 2023.
Every word on those statements is carefully considered. You're misrepresenting them (I'm probably bastardizing them a bit with my paraphrasing, too).
No such promise ever happened.
He DID-ENT!
Lol, when did they encourage risky loans? You really have to twist and misrepresent his statements to get anywhere close to that.
Keeping quiet or saying "we really don't know" would be a powerful statement in itself, likely leading to undesirable outcomes at the time.
|
That bolded statement is paramount. Analysts and pundits parse through these statements for any hint of foretelling what the path is going to be. There's no blanket "we guarantee low rates, so buy now!" kind of wording at all.