The Federal Reserve’s Interest Rate Cut Does Not Help Americans (GoldSeek.com)
Story date: 2007-09-25 06:13:01
Added on: 2007-09-25 07:52:27
In our assessment, the Federal Reserve’s (Fed’s) interest rate cut was wrong. Forget about the “moral hazard” of whether the cut would plant the seeds for further bubbles. Lowering interest rates is wrong because it will do few any good, but cause many a lot of harm.
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