The Fed and interest rates

Regarding “Stocks tumble amid worries about Fed and oil demand” (Page B4, Wednesday), every time the Federal Reserve talks about raising interest rates, the stock market goes down causing big losses in investors’ stock accounts.

High interest rates bring recessions because they make it more difficult to buy homes and cars and for businesses to expand. Low interest rates are good for the economy because they make it easier to buy homes and cars and for businesses to borrow and expand.

The Fed should keep interest rates as low as possible all of the time. If we have inflation, the law of supply and demand will come in with more products that will add to the supply and bring prices back down.

Our economy will thrive, and we will have full employment. What’s not to like about that? Jimmy Dunne, Houston