Opinion: Fed Should Cut Interest Rates to Avoid Economic Harm It’s time for the Federal Reserve to cut interest rates, having effectively cooled inflation through aggressive hikes. Persistently high rates are based on a flawed understanding of homeownership costs, which risks unnecessary economic harm. Inflation, measured by the personal consumption expenditures (PCE) deflator, peaked over 7% two years ago and has since fallen below 3%, though still above the Fed’s 2% target. However, the PCE and consumer price index measures of inflation are flawed due to their problematic reliance on estimated rental costs for homeowners. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold to $2,500? And Why This Silver Asset Should Top Your List READ MORE We Are 'Late In the Game' of Controlled Financial Demolition READ MORE High Inflation Drives Mortgage Rates Above 7% READ MORE Dimon Warns: US Economic Outlook Uncertain, Recession Risk Lingers READ MORE "Gold Price at $3000 by 2025: Don't Rule It Out" Alan Hibbard on Analyst Targets READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment