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To: Mechanicos

Before the election Trump said during a campaign speech/press conference that the Fed was keeping rates low to make Obama’s sorry economy look good. Trump also said that if he won the election the Fed would all of a sudden figure out how to raise rates willy nilly.

Many people laughed at Trump’s prediction. Trump won and the Fed has raised rates more since November 2016 than the Fed did during Obama’s 8 years and Bush’s 8 years...combined.


28 posted on 07/25/2018 7:17:58 AM PDT by Tell It Right (If a logical argument has to be explained in terms of feelings and hurt...you might be a Democrat.)
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To: Tell It Right
Many people laughed at Trump’s prediction. Trump won and the Fed has raised rates more since November 2016 than the Fed did during Obama’s 8 years and Bush’s 8 years...combined.

Far from the truth. Rates have gone up 5 time since Trump was inaugurated. Bush took office at the beginning of a recession. The fed lowered rates 12 times between 2001 and 2004 before raising them 17 times between 2004 and 2007 and then dropping them again between 2007 and 2015. Rates were raised twice when Obama was president.

Link

29 posted on 07/25/2018 7:28:11 AM PDT by DoodleDawg
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