I am just reporting the News...Don't want to get into Political arguments of what this Fed will do....The Fact is Main Street is suffering due to high Mtg rates and things will only worsen, all Courtesy of the Foolish Fed keeping Interest Rates at Zero for so long and Now they want to 'Act Macho' by senselessly ramping up interest rates to un-precedented levels in a 6-month period...the Fed will be forced to either 'Cut the Rates' or find some other mechanism to bring down the Mtg Rates and save Main St Economy and Regional Banks.
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