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Podcast: Townhall Review | Commentaries
Episode: Jerry Bowyer: The Fed Should Step Back
Description: The Fed recently raised interest rates and is signaling that more hikes are on the horizon. Some people, fearing recession, suggest the Fed is going to have to cut rates to avoid a downturn. So, should our central bank raise rates or cut them? The answer is: neither! The question assumes that the Fed should be setting rates at all. But it shouldn't. Interest rates should be set by us, by the people. Savers and borrowers, usually with banks as the matchmakers, set the rates every time we make a decision whether to buy something now or d...