Fed to keep interest low!

[Matt Collins]

http://www.timesfreepress.com/news/2009/aug/10/fed-likely-keep-key-interest-rate-record-low/

[eduardo89]

Don't you get it! We NEED to keep interest rates low, we need to encourage borrowing, we need people spending!

We aren't qualified to discuss matters as important as this. We need to let those in charge do what they need to do, they're the only ones who are qualified!

[K.y.c.i.w.c]

The health of the economy affects interest rates by influencing the supply of, and the demand for, credit. For example:
People’s incomes fall in a recession, so the amount they save also decreases.
The demand for credit by business generally declines in a recession, as business spends less on new buildings, equipment, and inventories. Also, the Federal Reserve acts to reduce interest rates during recessions, in order to stimulate economic activity.
Lower interest rates make it easier for people to borrow in order to buy cars and homes. Purchases of homes, in turn, increase the demand for other items, such as furniture and appliances, thus providing an additional boost to the economy.
Lower interest rates mean that consumers spend less on interest costs, leaving them with more of their income to spend on goods and services.
Interest rates can affect the value of the dollar versus that of other countries’ currencies.
Low interest rates hold a large place in another sphere of economic strategy.
Low U.S. interest rates invite foreign investors to sell dollar financial assets and sell the proceeds for another currency.
So to make it simple saving money is good.