“Uh huh...until a GOP controlled Congress or President “
The Fed began that near zero interest rate policy at the beginning of Dubya’s term and that included a GOP Congress. There wasn’t a peep out of them.
why should there have been? The problem was not lowering interest rates during a crash. we had 9/11 and later the Iraq war during that period. The problem IMO is leaving the “emergency” rates in place for over a decade. This government seems incapable of discontinuing emergency policies
Is there a peep out of any GOP politicians now, or are they too busy spending the money that the Fed printed for them? They will print more in QE4, or perhaps just backchannel the money via “Belgian” purchases of US treasuries.