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Why the Fed Needs Rates Lowered

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

Why does the Federal Reserve want so desperately to lower rates? It’s about servicing the debt. The United States has rapidly run up its debt load, and refinancing all that debt at high rates will be difficult to pay for. So even if it means additional inflation, the Federal Reserve plans to lower rates.

Action Line: The value of the dollar has been ignored by American politicians completely since the 1970s, and before that, it had been eroded since the days of Woodrow Wilson. America desperately needs a return to the gold standard, but that doesn’t appear imminent. Don’t just stand and watch as the value of your dollars is eroded. Plan accordingly with your investments. When you want help, I’m here. In the meantime, click here to subscribe to my free monthly Survive & Thrive letter.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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