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What good are lower rates to the economy if few can take advantage? This is among the questions...

What good are lower rates to the economy if few can take advantage? This is among the questions on policymakers' minds as the FOMC begins a 2-day meeting today, writes Jon Hilsenrath. While those with pristine credit are receiving a windfall in the form of cheap money, most - their credit damaged over past years - are unable to.
Comments (3)
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    These are exactly Marty Feldstein's comments on Bloomberg radio right now. All these Fed deals not effecting the public. Just lifting stocks and keeping bond prices high... The US debt is clearly at war time levels and says no short time fix possible. Says Bowls Simpson is best first start !

     

    I say stop fiscal cliff talk. Sunshine Bush cuts for ALL and let House block any Obama spending for the next 4.5 years and let the US go from there ! How refreshing it would be to see an expansion to the Federal tax base...

     

    Not me thought. Paid to surrender my Passport like thousands of other exUSAers... DL
    19 Jun 2012, 07:59 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    The only people who can keep the stock market afloat are the governement and the "allies" (PPT,etc.). The Fed "tools" are simply to reinflate the market so we can have the trickle down effect from the perception of increased wealth. Just a Fed concocted ponzi scheme that will have no benefit to the average American or investor. Just trying to put a band aid on a wound that needs an aputation. There will be HELL to pay further down the road. Aren't we still playing "kick the can"?
    19 Jun 2012, 08:16 AM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    Uhm actually low rates keep our monstrous federal debt load funding as cheap as possible. There may be secondary benefits but that is the primary target.
    19 Jun 2012, 12:50 PM Reply Like
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