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I think the Fed should have already lowered interest rates. I think they are overcooking it waiting until September. If they do not lower interest rates soon I

• nojvek 2y ago
  Feds can’t do much when Congress keeps on approving spending in trillions. The feds are doing their best keeping inflation in check. However housing is so short in supply, that prices are still rising. So lower interest rates will get another big jump in inflation.
• trod123 2y ago
  Lowering interest rates wouldn't have solved this. The problems are multi-layered because this was a multi-layered economic attack that's been almost 3 decades in the making. The action of lowering interest rates will pop the bubble that started with QE in 2010, but has ballooned since then. At this point it is inevitable, and will be the worst financial crisis to date because we'll be seeing foreign held reserves of USD come flooding back (now that the petrodollar agreement expired). This is what always happens when you deficit spend forever thinking MMT is a solid strategy (when its magical thinking sacrificing your children's future for short term gain). We have already entered a depressionary stagflation (Dec 2023), if you normalize the currency value, and undo the changes in metrology the Fed snuck in, its pretty clear.