Higher Interest Rates Won’t Affect Consumers for Several Years
Robert R. Johnson
Much speculation has swirled around when the Federal Reserve will hike interest rates, but from a practical standpoint, the average American need not be concerned. That's because when the Fed does eventually raise rates, consumers are unlikely to feel the consequences immediately unless they have variable rate student loans or adjustable rate mortgages.
Chang, Ellen, "Higher Interest Rates Won’t Affect Consumers for Several Years" (2015). In the News. 505.