Lower Interest Rates
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In its editorial “Help Wanted From the Fed,” Sept. 7), The Times wants the Fed to boost economic activity by cutting interest rates even more and “that should help fuel consumer spending and fire up the recovery.”
The Times seems to forget that millions of consumers depend on interest income to make ends meet. If their interest income goes lower, how would that fuel consumer spending and fire up the economy?
C.B. MIRKIN
Los Angeles
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