Fed official Mester is on Sqwauk Box and said she is projecting 2% inflation and the Fed Chairman Powell is raising rates...... When Helicopter Ben and Yellen were the chairs, they had trigger of 3% inflation as a metric to raise rates.
Just pointing out the difference in the rate philosophy of the various Fed Chairmans
-Geaux
The Fed under Obama couldn't raise rates because Obama's already failed policies would of tanked the economy even more when the Democrats caused the housing crash. I remember buying a can of corn from Walmart and it was 33 cents when Obama took office. Also a gallon of gas was $1.87. After 2 years of Bummer, a gallon of gas was over $4.00 and that can of corn had doubled, yet the FED said there was no inflation, because the FED didnt take food or fuel into the equation. The FED played that game the whole time and even started the QE forever program which also inflated the dollars by 4.5 trillion dollars, but the assholes kept Obama from looking FECKLESS.