Toddsterpatriot
Diamond Member
Yeah, team transitory and all that.
The balance sheet under Biden has been coming down and it's a drop in the bucket compared to the expansion he inherited. I'll repeat: the balance sheet doubled under MAGA King and MAGA King wanted negative interest rates. No matter what you say about Biden, that is MAGA's legacy. Fiscal insanity.
The previous president threatened to fire/demote the Fed chair if he didn't lower interest rates to zero (or below). Take your talk of independence and shove it up your ass.
The balance sheet under Biden has been coming down and it's a drop in the bucket compared to the expansion he inherited.
Up $1.2 trillion since he took office. Shrinking fast. DURR.
No matter what you say about Biden, that is MAGA's legacy. Fiscal insanity.
The Fed is monetary, not fiscal.
Are you AOC?
The previous president threatened to fire/demote the Fed chair if he didn't lower interest rates to zero (or below).
Why didn't Biden do the same if Powell didn't raise rates and shrink the sheet in January 2021?