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The administration doesn't direct interest rate policy, the FED does, within the context of the FED's mandate a rate drop isn't unexpected during an event like
by dageshi 7y ago
The administration doesn't direct interest rate policy, the FED does, within the context of the FED's mandate a rate drop isn't unexpected during an event like this.
- SkyPuncher 7y ago> The administration doesn't direct interest rate policy, the FED does, Given that the administration choose exactly who leads the FED, they're not exactly independent either.
- cmer 7y agoTo be fair, Trump has been pushing the Fed around non-stop. They basically follow his indirect orders. All for political gain at the expense of the future. It's pretty pathetic.
- tasty_freeze 7y agoThat is how it is supposed to work. Over the past couple of years we have seen the President break with tradition and uses his megaphone to berate and belittle the fed to try and get what he wants. Of course we cannot know if the fed has ignored all that, but by appearances, the president seems to be having an influence.