It's bullshit. Poors access significant capital pretty much only through home loan interest rates, which at this point are almost irrelevant when decades of wages that have lost purchasing power, industry and investment speculation, along with under-building have made homes unaffordable events if you went back to 2.5% rates again. Home ownership is gone for most Americans.

Lowering interest rates mostly helps business bottom lines and also fuels actual inflation (not the corporate price gouging of the last 3 years).

We need a recession economically, along with systemic wealth distribution and tax changes, not more free money that mostly only the rich and powerful can take advantage of.

Im guessing that over the decades US middle-class has shifted a lot from a "savings" economy to a "debtor-hell" economy. With higher interest-rates savings are slightly more valuable but spending will take a "hit". Inflation will be sky-high since everything will get more expensive as less product on shelves and demand will keep rising.

You need direct stimulus into the middle-class, lower taxes or even tax-free for below median income families, massive luxury taxes on rolexes and ferraris , 60% to 90% tax on 1+ billionaires , capped-prices on essentials and rent-controlled housing. etc. etc.

Plenty of things the Fed and govt can do to rescue the middle-class. High interest rates doesnt do enough.

The wealthy will offset the high interest rates by raising prices and increasing unemployment:

"You know who is going to bear most of the pain of the Fed's policy?" former U.S. Treasury Secretary Robert Reich asked in a video posted to social media on Wednesday. "Not powerful corporations that are ratcheting up prices to pad their profit margins. Not corporate executives, not Wall Street, not the wealthy, and not the upper middle class."

"Most of the pain will be borne by lower-wage workers and the poor," Reich continued.