Saturday, August 24, 2024

The Fed: 'The Time Has Come' to Lower Interest Rates

America's top central banker has unambiguously signaled that lower interest rates are finally on the horizon, marking a crucial milestone for the Federal Reserve's historic -- and, so far, successful -- inflation fight.

Posted by Corky at 01:33 PM | 5 COMMENTS | permalink

More

Comments

Foreigners. How?! Why?!

Oh noes!

Are them dang furriners taking yer jerb again?

You probably should have stayed in school.

#3 | Posted by donnerboy at 2024-08-24 03:13 PM

Sen. Lee Introduces Bill to Abolish the Federal Reserve

And said bill has gone nowhere.

#7 | Posted by REDIAL at 2024-08-24 03:57 PM

Frankly, too little and I fear too late. They were too focused on inflation as the metric. It typically takes about 3 months to see the rate change really impact things. Oh wait - maybe that is the plan. Things won't really be changing for the average person until AFTER the election.

#8 | Posted by GalaxiePete at 2024-08-24 04:06 PM

#11

The bill is literally just abolish the Fed no structure for a new economic system no empowering the treasury to issue currency nothing but no more fed. If the bill were to pass it would be full on economic chaos with no system in place to deal with the effects.

Basically it's a bill introduced to grandstand with no thought to actually making the system better. So all the folks listed get to say we tried to end the fed without any worry that they might accidently do it.

#9 | Posted by TaoWarrior at 2024-08-25 08:39 AM

The interest rate needs to reflect what the market can bear. Artificially low rates for far too long contributed to the recent excessive inflation.

#10 | Posted by BellRinger at 2024-08-26 04:44 AM

Drudge Retort Headlines

Gaetz Withdraws (67 comments)

RFK Jr. Compared Trump to Hitler (26 comments)

Pam Bondi Picked for AG After Gaetz Withdraws (22 comments)

Hegseth's Sex Assault Accuser 'remembers saying no a lot': police (21 comments)

Poll: Americans Remain Divided on Key Campaign Promises (21 comments)

Nikki Haley Trashes Trump Picks RFK Jr. and Tulsi Gabbard (21 comments)

Biden Agrees to Give Ukraine Anti-personnel Mines (19 comments)

Arkansas Governor Proposes $6.5B Budget with Half Going to School Vouchers (17 comments)

Republicans on Ethics Panel Vote to Block Gaetz Report (17 comments)

ICC Issues Arrest Warrants for Netanyahu, Galant, Deif (16 comments)