Responsible interest rate cuts can be good for the economy. But we’ve gone to that well too many times. Does anybody remember Japan in the 90’s? If we keep rates this low, we won’t have anything when we really need it.
I agree with you 100%. And I suspect that one force behind these rate cuts is the government’s desire to borrow even more money.
If the Fed rate returned to say 6%, government debt would be even worse than it is now.