Note for the Federal Reserve: Don’t Cut Rates

On July 15, 2024, Chair Powell participated in a discussion at the Economic Club of Washington, D.C. Photo courtesy of the Federal Reserve.

Look at Richard C. Young’s North Star and you can see interest rates are far from being too high. If the Fed wants to protect Main Street investors, then it should keep rates high so they can get some return on their savings. Cutting rates and manipulating markets is not what’s good for Main Street. What’s good is a solid measure for money, like gold, and sticking to it.

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