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That means they are making a defensive move that potentially they think the economy is looking tougher than they thought it was so by lowering rates, who is it good for its good for those that want to borrow remember if you want to start a business if you want to buy a home, a car, thats a positive if are you a saver, if you are living your life off of fixed income, thats not a positive. Its not new that any president does not want to see rates go higher while theyre in officer. They want them lowered Jerome Powell is not an enemy of the people but to cut rates to zero would leave the fed with absolutely no cushion. In we really did head into rocky times and remember, the economy is okay. Were at full employment so to take rates from where they are to absolute zero would leave us with absolutely no safety net. The president wants it down at zero. Why does he believe he will be benefiting from a ro rate because stocks will go up rem ....
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