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Why the Fed Should NOT Lower Rates, Spartan Summit Presentation
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I state the reasons why I DON'T believe that the Federal Open Market Committee should lower interest rates. Rates are currently normalized.
Watch the full Spartan Summit Presentation here. The first half is played on this episode.
President Biden is trying to help the housing market's poor affordability and undersupply.
Fed Chair Jerome Powell made recent remarks on the real estate market. He emphasized the lack of supply.
High rates = strong economy
Low rates = weak economy
Lowering interest rates to zero is artificial and introduces distortions in an economy.
If we have a recession, we need "rate cut ammo" in order to make cuts at that time.
Lowering rates also sets up an inflationary environment. That's bad for society, but leveraged income property investors benefit.
A "Fed pivot" means that the FOMC changes from raising rates to lowering rates, or vice versa.
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Complete episode transcript:
Keith Weinhold (00:00:01) - Welcome to Greece. I'm your host, Keith Whitfield. President Biden tries to help the housing market. Everyone wants to know when interest rates will be cut. I'm asking, why would we cut rates anytime soon? Yes. Some fed talk today and a lot more on get rich education. When you want the best real estate and finance info. The modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are. At no other time in history has it been more vital to place nice, clean, fr