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 Elon Musk Sounds Alarm on U.S. Fiscal Health as Debt Interest Consumes Tax Revenue READ MORE Crude Falls as Israel-Hamas Ceasefire Talks Progress READ MORE Anticipation Builds for Potential Fed Rate Cuts in 2024 READ MORE Gold and Silver: Preppers' Choice for Weathering Uncertainty READ MORE Turkish Markets Rally as Inflation Shows First Signs of Cooling READ MORE Add a Comment Cancel replyYour email address will not be published.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