I'm angry because most people on ET (I assume most here are not knee deep in debt, otherwise they wouldn't have the capital to trade) benefit from getting a higher rate on their savings, and with this rate cut, we are in effect, getting taxed and the borrowers are receiving a tax benefit. With more money being printed and with high inflation, savers get punished, and those heavily in debt get rewarded. In the long run, the country will have to pay a price, you can't increase debt ratios forever. The sad part is that the people who are saving will have to pay the price, and the borrowers will get off easy. For a country that should be trying to encourage more people to save and reduce their debts, the Fed's actions have reinforced the overspending behavior of the American public and encouraged risk-taking and over borrowing. With Heli at the helm, he's only about fighting deflation, and trying to prevent the next Great Depression, LOL. He's obsessed about that. He could give a rats as.s about inflation.