What’s the problem? Jerome Powell was appointed to the head Fed job by President Trump. And interest rates have been far too low for far too long. Long past time for the Prime Rate to be in it’s historical average area of 8-9% and the 11th Dist. COF to be in the 4-5% range. Inflation is running hot...was at IHOP tonight and yet another new menu with higher prices.
(Make that “Fed Funds Rate” at 4-5%)