Concerns About Interest Rates

## Letter to the Editor: Concerns About Interest Rates

It is indeed surprising that the Federal Reserve has maintained interest rates two percentage points below the inflation rate throughout much of the 2010s. However, it is now concerning to see that they seem inclined to keep interest rates two percentage points above the current level of inflation. Interest rates have often been described as a "blunt instrument," and it would be wise for the Fed to consider lowering them soon in order to achieve a soft landing.

- Brad Brooks, New York

Vision of Hindsight

In regards to the idea of introducing new money into Bitcoin, it is crucial for both the Securities and Exchange Commission and the Federal Reserve to inform investors about the potential risks associated with owning cryptocurrencies. Additionally, the Federal Reserve needs to establish clear guidelines for crypto investments as we move forward.

Crypto as an Asset

One can argue that crypto isn't just a security, but also an asset. However, the potential vulnerability of crypto in the global economy cannot be denied. To protect against this, implementing a margin account requirement would be essential. Not only would it safeguard the United States from the impact of a collapse in the crypto market, but it would also provide protection for financial institutions and society as a whole.

It is crucial that we envision the potential consequences of such a collapse, allowing us to take appropriate measures before it actually happens. This forward-thinking approach would ensure the stability and resilience of our financial systems in the face of unforeseen challenges.

Phil Ray is a resident of Tacoma, Washington.