I have a legitimate question this evening. Why doesn’t public enemy #1 want to lower interest rates?

I mean, if it’s good for the economy (per Trump) why doesn’t he just do it?

And how low can the Feds lower the interest rates? Is 1% a good thing?

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SW-User

You are young, collect a little more debt, yes a low interest rate is healthy. The only ones who benefit from a high interest rate is banks, really - but the caveat of that, low interest means the loanee has to be responsible with the affordable credit they've been given.

SimplyTracie · 26-30, F

@SW-User Young and naïve, huh?

If my local bank borrows money from the central bank at 0% they still gonna charge me a higher rate so they’ll still make money.

SW-User

@SimplyTracie Everyone knows the set rate by the feds is going to be higher through a bank. And of course the lender wants to make money. It does set limitations to greed; banks are very greedy.

SimplyTracie · 26-30, F

@SW-User Yeah. Greed 😬