Ron Paul Details Federal Reserve's "Unbelievable Damage" on Interest Rates for GOBankingRates.com

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Feb 24, 2014, 09:15 ET

LOS ANGELES, Feb. 24, 2014 /PRNewswire/ -- Three-time presidential candidate Ron Paul shares his opinion on the outlook of consumer bank interest rates in 2014 on leading personal finance website GOBankingRates.com

Ron Paul's analysis did not shed a positive light on the Fed.

"Since becoming chairwoman of the Federal Reserve, Janet Yellen has promised more of the same. This is not good news: more artificially low interest rates, more propping up of the stock market, more inflation of the money supply, more bailing out big banks, more propaganda for the central bank," wrote Ron Paul.

READ the full op-ed here: http://www.gobankingrates.com/banking/ron-paul-explains-federal-reserve-yellen/

Ron Paul wanted to share his perspective on Janet Yellen's appointment to Federal Reserve chairwoman and what this decision means for interest rates in the United States on GOBankingRates as it specializes in providing personal finance and interest rate information to consumers.

"[The Fed] has wreaked unbelievable damage on our economy, blighted many millions of lives, and made possible such horrors as aggressive wars and the Orwellian state," Paul continued.

"It's important that our readers are exposed to a number of different voices and perspectives in the personal finance space," said Casey Bond, GOBankingRates' managing editor. "Ron Paul isn't afraid to share his opinions openly and frankly, which is exactly what I love to see from our guest experts."

About Ron Paul

Ron Paul is a former 12-term congressman from Texas, three-time presidential candidate and current host of www.ronpaulchannel.com.

About GOBankingRates

GOBankingRates (http://www.gobankingrates.com/) is a personal finance website that connects consumers with the best interest rates nationwide on savings, checking, money market and CD accounts, as well as auto loans. Its database aggregates interest rates from more than 4,000 national, local and online financial institutions. GOBankingRates editors have been featured on several top media outlets, including U.S. News & World Report, Yahoo! Finance, Forbes, The Street, Huffington Post and more.

For more information on the best interest rates in your area, go to http://www.gobankingrates.com/local-banks/.

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SOURCE GOBankingRates