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Reply to "Trump 47 Economy"
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[quote=Anonymous][quote=Anonymous]https://bsky.app/profile/atrupar.com/post/3luplclnwmy2v [i]Scott Turner: "In 2018, Powell brought down interest rates during the Biden administration, and now he won't even bring it down when the economy is thriving. I don't understand it."[/i] 1. Biden wasn’t president during 2018 2. They don’t bring interest rates down when inflation is high and economic activity is elevated. Other than that, spot on :roll: [/quote] The Federal Reserve kept rates low from 2008 and throughout Obama's tenure. As soon as Trump won, they magically rose interest rates from 2016-18. The timing was beyond ridiculous and not supported by economic analysis. I don't support politicizing the Fed, but we've had that for a while already. [/quote]
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