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It came as a surprise to
many, yet the decision by the Federal Reserve to abstain from
lowering interest rates next year brought about a collective sigh of
relief from American taxpayers. In fact, just the opposite was true.
Instead of raising interest rates, the Federal Reserve, under new
Chief, Bill Gross, announced a plan to begin lowering interest rates
as early as the middle of next year, which Gross says could be as
low as 4% in correspondence with the bonds market. As part of this
refreshing fiscal outlook, most Americans are hoping that moves will
be taken to help curb the unemployment rate as well. |
