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Reaction to Federal Stimulus Announcement


The Federal Reserve will go forward with plans to swap debt, to lower interest rates even more. It's a move to lower interest rates on everything from mortgages to business loans. News of the stimulus, caused the market to close down 283 points. Troy Reinhart with Northwest Quadrant Wealth Management offers his analysis of what happened: “The market got what they wanted. This is called a twist.   It’s not unexpected. But like my 13 year old daughter, it got what it wanted and that wasn't good enough and that's part of what went into it.”  Some Republican lawmakers sent Federal Chair Ben Bernanke a letter Tuesday warning about further steps to lower interest rates. They fear it could escalate the risk of inflation.

 

 

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