Quote:
Originally Posted by TheMaster
you overlook the fact that the lowering of the intrest rate, make people sell their dollars, which in turn drives the dollar even more down, which makes inflation go up and purchasing power drop
+ the fact that every economist seems to be screaming that the FED needs to stop this
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So basically, a red herring and an appeal to authority.
Lower dollar is better for the fed, and thus an even lower one'd be worse ?
The fed is not atm concerned with inflation or with keeping the us consumer tickled, or even fed for that matter. The fed is atm concerned with avoiding bankruptcy. Whole other kettle of fish.