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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There should be an independent agency, but noticed they lowered interest rates three times last year when the inflation was worse.
This year , they refused to lower them at all.
If they lower them even a quarter percent housing sales will skyrocket and the economy will be better off. That's simple economics 101.