If the Fed was for the people it would cut rates by 2 full points (but it’s for bankers, so it won’t… it cut by 0.5 of a point) [1]

—The Fed does not care about struggling people

—US exceptionalism is fading: FT …US still fails to regulate its economy properly so stupidly relies on monetary policy

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Opinion by Mathew Carr

Here’s a few reasons why the Fed should cut faster from 5.25% now to about 3% (markets expect cut of 0.25 to 0.5 points):

Good morning.

US debt now stands at $35.3 trillion. If we were to return to 0% interest and make payments of $1 million per hour, it would take approximately 4,023 years, or until the year 6,047, to bring the debt back down to zero.

Have a great day.
— James Lavish (@jameslavish) September 17, 2024

Also the world urgently needs cheaper money to invest in climate action and nature protection.

Lower rates now would improve the chances of Kamala Harris winning election ( but I think the Fed wants Trump to win so the US can avoid accountability for climate and nature destruction for another 4 years).

Trump strategy on climate delay worked well last time because the world seems gullible.