Besen Te has spoken, saying that those people at the Federal Reserve should seriously consider whether they should lower interest rates in September, and preferably by 50 basis points at once. Once this was said, many common folks perked up their ears to listen!

If you ask me, life is really tough right now. You take a stroll around the supermarket, and everything is getting more expensive, but wages aren't increasing. Mortgage and car loans are suffocating, and just looking at the credit card bills gives you a headache. If they could really lower interest rates, it would be a good thing for us ordinary people.

You see, if interest rates go down:

First, the pressure from mortgage payments could ease a bit, allowing a family to save a few hundred each month for better meals;

Second, for business people, the cost of loans would decrease, which might enable them to hire more people;

Third, the stock market might rise, and those funds I’m stuck in might finally have a chance to recover.

However, this is not solely up to him. Those experts at the Federal Reserve spend all day researching this and that, and they frequently talk about controlling inflation and stabilizing the economy. If you ask me, sitting in their offices every day, how would they know the struggles of us common folks? With prices rising like this and interest rates still so high, how are we supposed to live?

But we also have to think, what if they lower interest rates too drastically and prices go up again? That would make money even less valuable, and wouldn’t that be more troublesome? So this really needs to be weighed carefully.

In short, I hope those high-ranking officials who manage the economy can think more about the common people. Life is tough for everyone right now, and every little bit saved counts. If you ask me, a 50 basis point cut is already minimal; it would be even better if they could lower it more! But in the end, we can only express our thoughts here, and it’s up to them to decide. As common folks, we can only hope to hear good news soon!