Federal Reserve Board Chairperson
20th St and Constitution ave N.W.
Washington DC 20551
Ms. Janet Yellin -
Raising the Federal Funds rates will increase the cost of home ownership for tens of millions of Americans who have adjustable rate mortgages. These increases in interest rates will be passed on to millions of renters who cannot afford to buy a home. More money spent on interest rates means billions more for the bankers and more debts for the people. It will slow down economic activity and borrowing leading to an increase in unemployment. Federal Reserve policy needs to represent all the people - not wealthy Wall St bankers. The nation as a whole, especially the poor, and what is left of the middle class, will be better served by keeping interest rates near zero percent as a permanent long term Fed policy. Thank you for listening.