Stocks in all time high stage and company's profits above average. But New York City selected a communist mayor which means the main street is stressful in high living price situation.
Cutting rate is for Wall Street. Increasing interest rate to bring inflation down to 2% is for main street. So, FED is in the middle ground in maintaining the interest rate.
I don’t disagree with you for the main part, but keeping short term interest high, will destroy small businesses, will not help main street. Also, the policy rate channel works mainly through causing recession to bring the inflation down.
Stocks in all time high stage and company's profits above average. But New York City selected a communist mayor which means the main street is stressful in high living price situation.
Cutting rate is for Wall Street. Increasing interest rate to bring inflation down to 2% is for main street. So, FED is in the middle ground in maintaining the interest rate.
I don’t disagree with you for the main part, but keeping short term interest high, will destroy small businesses, will not help main street. Also, the policy rate channel works mainly through causing recession to bring the inflation down.