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 New Russia-Iran Pact Marks Major Step in Global De-Dollarization Efforts READ MORE Fed's Rate Cut Expectations Delayed as US Economy Proves Robust READ MORE Investors Reap Rewards Across Markets as Dow Hits 40,000 READ MORE Florida's Housing Market Sees Price Drop Amid Insurance Crisis READ MORE Gold Gains on Revised US GDP Figures and Lower Treasury Yields READ MORE Add a Comment Cancel replyYour email address will not be published.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