📰 🔸INTEREST RATES ARE TOO HIGH. THE FED SHOULD CUT BY A HALF POINT – WSJ’S IP Greg Ip, the Chief Economics Commentator at The Wall Street Journal says the Fed should cut by 50bps.”The Fed doesn’t get to wait for perfect knowledge before acting. It always risks doing too much, or too little. The question is, which is worse? Cutting rates half a point isn’t riskless. Long-term Treasury bond yields are already lower than short-term rates a relationship called an inverted yield curve and could fall even further, pulling down mortgage rates. Stocks could turn frothy. That would stimulate spending.”