Yep, interest rate manipulation to bail out The Swamp’s deficit spending has to end.
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The government pays too much on the debt because the Federal Reserve is keeping short term rates above what the market would charge. Rates should be cut more.
Incorrect, interest rates (prime rate) were a full 3 percentage points higher than they currently are during one the best periods of GDP growth in U. S. history (late ‘80’s). Prime rate should be in the 9% range right now, instead of 5%. We don’t need an inflation “target rate” of 2-4%. 0% should be the goal. Running more like 6.5% right now.
https://www.jpmorganchase.com/corporate/About-JPMC/historical-prime-rate.htm
https://www.thebalance.com/us-gdp-by-year-3305543