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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yogibooboo · M

The Fed controls the interest rates. It depends on what you want. In general, when interest rates are low, the economy grows and inflation increases. Conversely, when interest rates are high, the economy slows and inflation decreases.

whowasthatmaskedman · 70-79, M

@yogibooboo Precisely. And it is a measure of how disconnected from real value that money has become that interest rates need to be pushed artificially low for so long to support employment and sales without inflation happening.