The Federal Reserve should raise interest rates between four and five percent.
Why is this important?
Our country needs disposable income to move the economy forward. Interest rates were lowered to get business to create jobs, but that is not what is happening. Businesses are hording their profits. It's time to get those who have enough money to purchase Certificates of Deposits or Treasury Bills to accrue a 4 to 5 % interest rate. This will help the government as well since it will increase the amount of taxes collected. Most people will use the extra cash they receive to buy more products thereby increasing the need for businesses to hire more workers. There will be a slight increase in the cost of living, but the overall effect should be better for the economy.
