sawyerloggingon
Member
- Feb 10, 2019
- 98
- 17
After nearly eight years of zero interest rates the consistent raising of rates when Trump became president did exactly what the objective was and that was to slow an economy they thought was growing too fast.”Fed raised rates from 0.25 to 2.50 while trump was president.Fed raised rates from 0.25 to 2.50 while trump was president. Thats a huge increase.So? We suffered the biggest economic meltdown since the Great Depression. And in part, due to the federal fund rate. So what if they were gun shy about increasing the rate after the last debacle?a dramatic one year increase from eight years of near zero interest rates.So? Still a historically slow increase. Do you have anything but whining for Trump?Twice as often in 2018 as in obamas eight years
Still, it's gone up 1.75 points in 2 years under trump. A small increase. Especially by historical standards.
My question is ... when does the right stop whining every time something doesn't go trump's way?
"The Federal Reserve held the target range for the federal funds rate at 2.25-2.5 percent during its first policy meeting of 2019"
United States Fed Funds Rate | 2019 | Data | Chart | Calendar | Forecast
No, it didn’t. Your own link shows it was at 0.75 when he became president.
“Thats a huge increase.”
No, it’s not. It went up only 1.75 points in two years. I showed you the chart which indicated it went up 4 points in 2 years under Bush. It went up 3 points in 1 year under Clinton. It went up 12 points under Carter.
"The Fed was forced to cut interest rates to historically low levels during the Great Recession in an effort to revive the U.S. economy and prevent more banks from bankruptcy. It was an unprecedented move, but now the Fed is facing an equally unprecedented task: getting America comfortable with more normal interest rates again after years of easy credit and fast money.
The debate is even more complicated after Trump's tax cuts and the roughly $500 billion Congress plans to spend. All of this additional money is likely to cause faster growth in the coming months, potentially forcing the Fed to raise rates faster."
https://www.washingtonpost.com/news...te-hike-means-for-you/?utm_term=.ef58bec07fc1