Watchdog: Overdue Fed Interest Rate Cut Gives Families Better Shot at Getting Ahead

While it should have come sooner, the Fed’s interest rate cut will ease some burden for many Americans that found it simply too expensive to buy new homes or cars. Fortunately, the Fed’s aggressive interest rate strategy defied odds and did not spur a recession as the economy continues to grow hundreds of thousands of jobs every month while wages are rising. Persistently high interest rates were never going to get at the root of the corporate price-gouging epidemic that has needlessly kept prices high on many necessities – a problem that is on Congress to fix.”