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[quote=Anonymous][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]
The Fed raised interest rates - VERY slightly - during the first Trump administration because the economy was recovering and to combat inflation. Every economic analysis supports that, and some analysts would say that they should have been raised more. The rates went down to zero due to the global economic cataclysm in 2008. TEN YEARS LATER during what Trump always said was his booming economy it was no longer appropriate to have interest rates bumping along the bottom.[/quote]

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