While there’s plenty of debate among the talking heads and politicians as to the longer-term impact of the Federal Reserve’s second reduction in federal funds rate–

You: Wait a second. Aren’t talking heads and politicians the same people?

Ah, you’ve been watching the debates. Here’s what I think is going on:

  • All politicians are talking heads.
  • Nearly all talking heads are politicians.
  • Most talking heads are not running for office.

You: Oh. I’m still not sure who to vote for.

Not going there. As I was saying, the degree of financial stimulus that the Fed’s rate cut provides will be debated for sometime. However, there are definitely issues and opportunities that, in the short-term, both debtors and savers will face as a result of the interest rate cut.

Today, I’m quoted discussing the challenges and opportunities facing savers in “Rate-cut spree aims to jolt economy,” a front page news story in today’s edition of the Pittsburgh Post Gazette.

On the debtor side of the equation, I chatted with CreditCards.com and was quoted in their story Fed Rate Cuts and Your Credit Card.

I hope you enjoy the articles and find them useful on your journey down a path of living Beyond Paycheck to Paycheck.

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