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 needs to reduce interest rates so young people can afford to buy a house. Inflation is not that high, and Powell has said he wanted to wait until he sees the effects of tariffs. Now with the weakening labor market it is time to start lowering rates. Not because of pressure, but because it is common sense.