This page is a permanent link to the reply below and its nested replies. See all post replies »

SW-User
The interest rates were really low for many years. Lowering them now is not going to have a big impact, it might delay the recession just after the election but that's it. The recession will happen regardless, they always do, that's why they're called business cycles. Having a 1% rate might cause people or corporations to take loans, but that won't fix the economy in itself. He's just trying to avoid looking weak before the election. Plus having low-interest rates is bad for savings accounts, and long term low-interest rates weaken the power of lowering interest rates.
SimplyTracie · 26-30, F
@SW-User I’m convinced that Trump should let the Federal Reserve do their thing without interference. 😊