Although, once Jerome Pel's term is up in May, that's where things are going to...

…nless of course mortgage rates come down dramatically or they pass some rather large tax incentives. So, in terms of what Jerome Powell just said about this and how this impacts you, here's what you came for. Like I mentioned earlier, as of a few hours ago, the Federal Reserve decided not to lower interest rates, at least through the end of March. Although, once Jerome Pel's term is up in May, that's where things are going to get very interesting. For example, Trump recently said that he wants a Fed chairman like Alan Greenspan in the 1990s. For those unaware, Alan Greenspan was the person who coined the term irrational exuberance in late 1996 about the stock market. Then he left rates unchanged. While the markets went higher and higher and higher until eventually it popped, he finally lowered rates. And that's what subsequently led to the last decade through 2012. This suggests that…