The FOMC statement said the committee would lower interest rates in the coming months if U.S. economic growth begins to slow down.
By then hundreds of billions of dollars of productivity will be lost.
Rates shouldn’t be as high as they are. The yield curve is flat and inverted.
The U.S. doesn't have an interest rate problem. We have a problem keeping our economy afloat because productivity* is in a steep decline as our population of retirees and unemployable people grows.
* I'm using the term "productivity" as a measure of average output per person, not per worker.