Interest rates continues to be low but not for long. The Federal Reserve have begun
to tighten. Recent statements state a rate hike as early as March. With inflation the
highest in 40 years the Federal Reserve is left no choice.
What does passage of Build Back Better America have to do with higher interest rates and 7%
inflation? Some has suggested that passage of BBBA will increase inflation like the infrastructure
bill. Nothing can be further from the truth. For the United States of America to compete
in a global economy investing for the next generation is an absolutely necessity. After
all the next generations is burden with 29 trillion debt.
What are the primary generations today?
Gen Z, iGen, or Centennials: Born 1996 – 2015.
Millennials or Gen Y: Born 1977 – 1995.
Generation X: Born 1965 – 1976.
Baby Boomers: Born 1946 – 1964.
Traditionalists or Silent Generation: Born 1945 and before.
How much did the Federal Reserve make in 2020?
The Federal Reserve Banks’ 2020 earnings were approximately $88.6 billion, representing an increase of $33.1 billion from 2019. The Reserve Banks provided for remittances to the U.S. Treasury of $86.9 billion in 2020.Mar 22, 2021
The Federal Reserve raising interest rates will earn even more. Almost enough to
pay for BBB America.
Should we reinvest (Gen Z, iGen, or Centennials, Millennials, Gen Y and Generation X) insure prosperity in a global economy.
With rising interest rates and inflations with BUILD BACK AMERICA BETTER.