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July 31, 2019

FOX Business: Kevin Philip Quoted in "The Fed just lowered interest rates: Why you should care"

"The Fed just lowered interest rates: Why you should care" by Megan Henney, FOX Business.

One of the most potent tools in the Fed’s arsenal includes interest rates. But Kevin Philip, Bel Air Investment Advisor's managing director, noted that the cut was so modest, it likely won't have a large impact on consumer's financial lives, in either direction -- though noted it was a good time to cut down on debt.

"Interest rates at some point will go higher, and it’s important to reduce in good times so as to not feel overburdened in leaner economic times," he said.


Read the full article here.