Quote:
Originally Posted by tophcfa
The fed should not be lowering rates with the inflation we are experiencing. I don’t care what inflation numbers are being officially reported, inflation is real and badly needs to come under control. Also, the Fed needs to act as an independent agency and not bow to outside influences, lowering rates now would be a very bad look.
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The Fed should be abolished and let the free market set rates on short term securities like it currently does on longer term ones. Government manipulation of the free market rarely works as intended.