Quote:
Originally Posted by retiredguy123
Can anyone provide a logical reason why the Fed reduced interest rates by 0.5 percent? I watched several financial TV shows and got nothing but a bunch of gobbledygook.
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Interest only payments on our national debt just hit 1.trillion per year .and they’re getting ready to borrow more . More disturbing is the government borrows 1 trillion every 100 days .
Employment reports indicated layoffs .
The fed if not a branch of government and should not be
determining interest rates . Supply and demand would make banks compete for our $$$$ .
Nixon Taking our dollar off the gold standard was a failure. Our dollar has lost 90 % of its value to the U.S. postage stamp .