Every spike was during a Republican presidency?
The lines on your graph are a bit blurred. But my recollection, is that interest rates zoomed very high during the Carter years. Interest rates were very high in 1980, when Carter was president. Carter was a Democrat.
The graph is a bit muddled, but it appears there was a spike in 1968 when Johnson was president. Johnson also was a Democrat.
Carter was president in 1980.
Amazing isn’t it? Amazing how an “independent” and supposedly apolitical FED can raise rates in every Republican presidency and send them crashing down for every democrap.
Too high? Maybe by a point but not by too much. What we need are steady and normal rates. I would never loan money at the very low rates we have seen. In fact, I did not, even to my own son. The roller coaster we have ridden for more than 70 years has not helped anyone. The FED has hardly done what they claim they intend since we have had multiple rounds of upset in the economy. Hardly stable at all.