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Comment by bogomipz | Hacker News Reader

Except that the Fed is not keeping the federal funds rate low. The Fed has raised the rate twice already this year as well as once at the end of 2016. They have also signaled that another increase is coming in December. See:

http://thehill.com/policy/finance/337790-fed-raises-rates-fo...

and

https://www.nytimes.com/2017/09/20/business/economy/fed-bond...

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It's still low by historical standards: https://fred.stlouisfed.org/series/FEDFUNDS

Yes but I was responding to the assertion that "The federal reserve is keeping the federal funds rate low ...", when that hasn't been the policy for almost a year now.

So the current Fed policy is not in fact indirectly subsidizing ride sharing.

The Fed is still keeping rates low because inflation isn't moving up, even with a tightening labor market (and they don't know why).

(Video) https://www.bloomberg.com/news/videos/2017-09-27/what-yellen...

The Fed has in fact raised the rates twice this years and once last year, how is that keeping rates low?

These rates are moved slowly and incrementally. You can't just raise the rate 3%.

That video in your link says nothing about keeping rates low, its about the nature of inflation.

It has raised the rates from extremely low to very low, which is still keeping rates low.

Now, you can argue that that is in part because a rapid increase to non-low rates would be disruptive given the status quo ante, but that's a justification for keeping rates low, not a rebuttal to the claim that that is what the Fed is doing.

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