INTEREST RATES • COMMENTARY
Memphis needs growth and relief from borrowing costs
Memphis families need purchasing power, and small businesses need room to expand. The Fed’s Sept. 16 rate increase to 3.75%–4%, citing elevated inflation, underscores why price stability matters. A city cannot build prosperity on expensive credit and promises of more public spending.
MEMPHIS IMPACT
Make it easier to build homes, open businesses and attract investment. Local leaders should examine permitting delays and taxpayer subsidies with the same scrutiny they give private development. Growth and disciplined spending deserve a place in this debate.

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