The Fed is fighting against the strong economy. The moment we get good economic, news the Fed announces it's raising interest rates.
I predicted that this would happen a few years ago.
The Fed kept interest rates at close to zero during Obama's entire presidency. Despite inflation in food prices and other areas caused by Obama's excise taxes, the Federal Reserve refused to raise interest rates.
Democrats here at USMB falsely claimed that Obama had a better economy than Trump, yet one of the best indicators of a strong economy is the actions at the Federal Reserve, which is supposed to be an independent entity.
The Fed lowers interest rates in a weak economy and raises them when they think the economy is growing too fast. At least that is what they're supposed to do. Instead, it appears that the Fed is trying to undercut Trump's success in growing the economy for political reasons. So Trump said as much. CNN is trying to create an image of a president that isn't normal. In this case, it didn't work as planned:
I predicted that this would happen a few years ago.
The Fed kept interest rates at close to zero during Obama's entire presidency. Despite inflation in food prices and other areas caused by Obama's excise taxes, the Federal Reserve refused to raise interest rates.
Democrats here at USMB falsely claimed that Obama had a better economy than Trump, yet one of the best indicators of a strong economy is the actions at the Federal Reserve, which is supposed to be an independent entity.
The Fed lowers interest rates in a weak economy and raises them when they think the economy is growing too fast. At least that is what they're supposed to do. Instead, it appears that the Fed is trying to undercut Trump's success in growing the economy for political reasons. So Trump said as much. CNN is trying to create an image of a president that isn't normal. In this case, it didn't work as planned:
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