Quote:
Originally Posted by Barefootsies
The U.S. Federal Reserve has lowered the main interest rate by 3.25 percentage points since September to ease financial- market strains and stave off a recession. The $168 billion economic stimulus legislation enacted in February centers on rebate checks for about 130 million U.S. households and tax breaks for businesses.
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Central Eurobank, few weeks ago: "to cut interest rates at this point would be the same as taxing the people to bail out the banks. Cost of extra inflation would be the ultimate sign of moral hazard to save banks."
Productive economy and average J6P is getting squeezed in order to restore bad economy aka banking sector and wallstreet. wonderful plan