Brian Brumpton

Will the Fed Lower Interest Rates?

Jim Cramer, host of "Mad Money" on CNBC weighed in on the economy and the federal reserve on the Today show.  He thinks that glass is half empty so to speak and is fearful that the fed is going to do little to help it out.  As the date for the fed's chance to do something rapidly approaches  I can only hope that the fed opens their eyes and makes the right move to lower interest rates. 

Although retail sales and big corporations might be putting up big numbers the vast majority of would be home owners are finding themselves priced out of the market by rising interest rates and the huge run up in home prices over the last five years.  If the fed doesn't think it's their there role to aid in Americans being able to achieve the American dream, what are we paying them for?  The problem with Academics like Bernake is they lack real world experience and think the answers are in a text book and this is some kind of experimental research project they can later theorize about after the fact. 

Meantime real hard working people in this country are struggling with the cost of just getting by.  Don't get me started on the myriad of other problems we're facing.  I say let's wake up Greenspan and have him come give the economy a swift kick in the pants.  Maybe some real world experience can steer us out of dangerous waters. 

 

 

Brian Brumpton
1065 S. Allante Place • Boise, ID 83709
Office: 208-472-8629
Direct: 208-407-3265


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Real Estate Agent: Brian Brumpton, Boise Idaho Real Estate Professional. (Keller Williams Realty of Boise)
Brian Brumpton, Boise Idaho Real Estate Professional.
Boise, ID
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