Online Public Relations Thoughts

The Federal Reserve sent a message to the economy by raising the benchmark interest rate 75 basis points. It demonstrates once again that communications needn't be in words but in deeds, and deeds are most effective.  Such is the nature of public relations.  People want to know what you do more than what you say.  The Fed is making a statement that it is serious about controlling inflation and will do what it takes even if it throws the country into a recession.  Mortgage interest rates are already rising and putting a damper on the over-heated housing market. The predictions now are that the economy will slow dramatically in its growth rate.  There are times to jawbone and times to act.  This is a time for action.