Posted on 03/17/2017 9:51:15 AM PDT by xzins
In the past 10 years there have been only three Fed Funds rate increases. Two of those increases have occurred since President Trump won the election on November 8th, 2016.
No Fed Funds Rate increases took place between June 2006 and December 2015. CNBC reported in December 2015 that President Obama oversaw “seven years of the most accommodative monetary policy in U.S. history” (from the Fed). Finally, in December 2015 after the Fed announced its first increase in the Fed Funds rate during the Obama Presidency, it was reported that:
Given the economic outlook, and recognizing the time it takes for policy actions to affect future economic conditions, the committee decided to raise the target range for the federal funds rate to ¼ to ½ percent,” the FOMC’s post-meeting statement said. “The stance of monetary policy remains accommodative after this increase, thereby supporting further improvements in labor Premarket conditions and a return to 2 percent inflation.”
The only other Fed Funds Rate increases since 2016 were after President Trump was elected President. The Fed Funds Rate increased on December 14, 2016 and again a couple days ago on March 15th, 2017 by .25%.
The Fed Funds Rate greatly impacts the economy:
Lower interest rates usually spur the economy by making corporate and consumer borrowing easier. Higher interest rates are intended to slow down the economy by making borrowing harder.
So the question is whether the Fed is trying to negatively impact President Trump’s economic recovery from the abysmal Obama years (Obama was the only President where the GDP growth rate never broke 3%) or is the economy just so much better now that President Trump has taken office?
We suspect both.
President Obama’s policies were so horrible that the historically low Fed Funds Interest rate was needed to keep the economy alive. Also, President Trump’s policies of lower taxes, repealing and replacing Obamacare and slashing regulations all will lead to economic prosperity for the United States.
I could buy the same lunch for less than $4.00 before the error of Obummer.
Yes, a deli sandwich and one hot side order that used to cost $6 now costs $10 where I live.
United States Notes - JFK
Been told by a very successful business man, that conducting large scale business in this current environmemt, is actually much easier than the high interest Nixon/Carter years. Debt to acquire capital assets is very cheap now obviously. Theoritically we could be in an incredible sweet spot. Increasing activity with easy debt. Potentially we could see one of the greatest economic expansions in US history. So expect the Global Oligarchy to raise interest rates faster than they ever have. Dont worry. Slowing or stopping the expansion will help prevent Global Warming lol.
Yellen is an androgynous libtard troll. Time to end the Fed. It consumes way to much power and is grossly unconstitutional. Another wish that will never happen.
Keynesians think they’re hurting Trump.
Friedmanites know they’re helping.
Did we not know this was coming long b4 the election ?
Hunt around the Wendys menu. They have a 4 for 4. But yeah, you have to hunt around like that to find old school food pricing.
At the best, it is preventative. But it shows the Deep State, which began with the Fed, knows Trump should be good for the economy. Kinda 180 degrees the opposite of how they act in public, considering they tried every trick in the book to stop his presidency. One has to conclude the Deep State is staffed with idiots.
A politician is a person who has as their career making nice with other politicians so that they may all prolong their ability to make money with little or no work. That fact necessitates them making nice with the other fags in the playground.
They say whatever they need to say to hoodwink their constituents in order to get elected, but when they get to DC, it's all about pimping themselves to the highest bidder.
Other career politicians know this and it's a stabilizing force in the political world. Nobody will get too far out of line because it's not in their long term best interests.
Then comes along Donald Trump. He owes nothing to the DC fags and pimps and doesn't have to play their game. He's a POTUS that is led by morals, values and ethics and can't be bought. That terrifies the Oligarchy.
President Trump will fire up the economy regardless of FED policy.
“We MUST stop the WINNING!” - Yellen
I am still waiting for even one financial institution to raise the interest rate they pay on savings accounts.
I don’t see a conspiracy here. Banks should soon follow suit for savers.
For those on an ARM it’s still a gamble.
Yep. Most are at .01%
You’d thinl .5% would not be too much to ask.
Waiting to see the impact of the rates increases on the national debt.
Excellent point. Higher interest will make evident how criminal was Obama’s borrowing.
And as soon as they do that you can expect their "fees" to go up respectively. Bank on it.
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