Lowering Interest Rates Instead Of Interest Rate Hikes Will Help Boost The US Economy

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Instead of interest rate hikes, financial markets should start lowering interest rates to boost the US economy.

Interest Rate Hikes
Instead of interest rate hikes, financial markets should start lowering interest rates to boost the US economy. (Photo: Christian Science Monitor)

Lowering Interest Rates Will Boost Economic Growth Amidst Inflation and Other Struggles

With the current inflation and other economic struggles, lowering interest rates in Federal Reserve System will help boost economic growth instead of continuous interest rate hike in various financial markets in the state.

According to reports from International Business Times, the interest rate hikes will not combat the current inflation but lowering interest rates will do as inflation will only hurt the corporate world and different markets in various industries.

As lowering interest rates will help the economy, the current administration continuously provided job opportunities and increased the wages for workers to lessen the unemployment rate despite the current inflation and the impact of the pandemic.

READ ALSO: Rising Inflation And Interest Rates Make Credit Cards More Popular

Lowering Interest Rates and Providing Wage Growth to Boost the Economy and Productivity of Workers

With the current status of the economy, lowering interest rates and increasing wages will not only boost economic growth but will also boost the productivity of workers in all industries after getting the rewards they deserve for doing their jobs well.

Aside from lowering interest rates, officials have also introduced the widespread of Artificial Intelligence (AI), which can help boost the economy more and lower unemployment rates.

READ ALSO: Student Loan Borrowers Face Higher Interest Rates For Upcoming School Year

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