More jobs will get more votes. Easy money is good for politics. It’s an old story. Raise the rate, when Democrats take the executive again. Or don’t let them take it at all. It is terrible, though, when we must choose between our freedoms and good fiscal policies. But that appears to be the situation.
Do you remember then private citizen Donald Trump criticizing both Obama and Janet Yellen of doing the same thing he is demanding today?
You may be aware that without a large and thriving middle class, we don’t have a decent economy anyway. Artificially low rates for so long results in starving the middle class, savers, and seniors of badly needed cash flow that comes from bank deposits and short term Treasuries.
Low rates for this long also causes severe dislocations in the real economy.
Do the right thing and the economy will function properly. Good economy will get votes anyway.