Quote:
Originally Posted by jimjamuser
And today the FED is SATISFIED that inflation is under CONTROL. So they can REDUCE the prime interest rate by 1/2 of a percent. That will take time to ripple through the economy, but should begin to bring prices for goods down. I believe that their ULTIMATE goal is to be at 2% which must be some "sweet spot" for interest. I am NOT sure how that ideal 2 % has been determined. Maybe someone here on TOTV knows that answer?
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The intent is NOT to bring prices down.
The intent is NOT deflation.