People need to understand that the 0% interest rate era was a recent exceptional phenomenon, not status quo. Ultimately your mortgage is 3% higher so your life isn’t 9% higher in total. When the economy is good and the labor market is strong, we want inflation as low as possible so we don’t devalue our wealth. The average fed rate is around 4.5% and we spent 30 years in an economic boom (70s-90s) with it between 5%-15%. An economy where the stock market puts up 30% returns on a major index should not be overly cutting rates unless the job market is cratering. Otherwise you will only hurt the economy and pay more in the long run.(Adam Cochran (adamscochran.eth))