The Federal Reserve delayed an increase in interest rates this week due to several employees having extramarital affairs, the Non-Associated Press has reported. There hadn’t been a date set for the increase. Outside sources, however, say the affairs may delay a planned increase by at least six months.
The Feds have not raised the rates in quite some time. It was previously thought that interest rates could be raised by 1% by the end of 2017, but even that is up in the air.
Unemployment rates are continuing to fall, which experts say may prompt the Feds to raise rates faster. This was announced prior to the affairs being made public.
No details or names have been announced as to whom had the affairs. As to whether these infidelities would have a significant impact on the economy, Federal Reserve Chair Janet Yellen said both that she didn’t know, and she didn’t know the whereabouts of her husband.