Yes, that is true. And during that period there were several “easings” of monetary policy that were not “rate cuts”. Each the QE iterations were easings, and so the continual rehash that this is the first cut in a decade is technically accurate but essentially wrong.
I do have to defend the Fed on one point as far as the rate hike in December goes. They had no real way of knowing at that time that Trump intended to destroy confidence in the global economy the way he did with his tariffs.
Had they really known he would carry through with that, they would have known how devastating it would be to economic activity, and probably would have refrained.
Now of course they’re bound to ease more in response to the dismal outcomes of the stupidity from Trump.
Troll, troll, troll your boat....
I do have to defend the Fed on one point as far as the rate hike in December goes. They had no real way of knowing at that time that Trump intended to destroy confidence in the global economy the way he did with his tariffs.
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Nobody should believe the Fake News or you when it comes to what’s destroying confidence in the global economy.