Jan 28
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I think lowering rates is a move that needs to be made, and I think another half point is justified, but then sit on it. And let the economy catch up. The main problem has been the rise in the price of a barrel of oil. The extra money put in the gas take is where the economy is lagging. If oil was back to $40 a barrel of oil, inflation would be in check and engergy prices would be much lower.
Our economy was never built to with stand oil at the current price, and the longer it stays there, the longer we struggle, and lowering rates will not solve the problem.
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Author: admin
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