So... are they literally trying to sabotage Trump’s economic boom?
“So... are they literally trying to sabotage Trump’s economic boom?”
They did it to Reagan.
>So... are they literally trying to sabotage Trump’s economic boom?
Yes, that is their intention.
However, if that’s what it takes to finally normalize interest rates after all these years, it’ll be a good thing long term.
Zero interest on savings lies at the heart of our economic problems. Savings becomes investment capital, which is necessary to economic growth. Artificial capital created by money printing as the Fed has been doing for many years now leads to only short term gains that end up as long term losses, since that kind of capital is the most likely to be malinvested.