Ummm, the Federal Reserve is not in any way shape or form a govt. agency. Corrupt? Undoubtedly. It is privately owned and has no reserves.Just shows that the Fed is just as corrupt as every other government agency.
Edit: Never claimed to be the brightest bulb in the box, but I do know this rate cut has PO’d DJT. Can’t even imagine what he’s gonna think when they drop another half point in Dec. as they are predicting. A full point drop is the benchmark that causes mortgage refinancing.
Right now I care about more money in my pocket, after 4 years of the BS I’ve/We’ve been through I don’t see how that can be considered a bad thing. JMO of course.
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