As one of the earliest Trump supporter on this or any other forum, FED is not sticking it to Trump. FED is doing what is best for the economy in the LONG run.
Europe has zero rates, some Europe countries have NEGATIVE rates. And yet Europe economy is stuck in mud. And Europe has no arrows left in their quiver to stimulate by lowering rates! Our FED has finally being lead by a wiser man than Janet Yellen & Helicopter Bernanke. He is trying to bring interest rates closer to real inflation rate. That also gives the FED some power to stimulate economy when next recession hits. It will have some room to lower the rates to stimulate.
Great post. Thanks!
Actually, I agree with you. To their credit, the FEDs have moved slowly and have indicated a possible pause in rate hikes. In reality, if there ever was a time to measurably raise rates, it is now, thanks almost exclusively to Trump.
My beef is that almost all the financial dailies are pining for a recession. They are magnifying any possible economic issue beyond reason leading to wide market swings, and this is compared to the glowing, hopeful coverage they provided Obama with every single day for 8 long years. We all remember the hopeful economic catch word routinely deployed during Obama’s reign: “unexpectedly”.
So, the FEDs may be playing it straight, but I certainly wouldn’t say the bulk of the financial markets are, or at least those who report on it and those who are likely given insider input from those financial barons (Bloomberg, et. al.) who wish to do harm to Trump.