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They have been "expecting" to raise rates for years now. Most of the time, they chicken out, and last time they went through with it (2018), the Fed Chairman w
by mywittyname 5y ago
They have been "expecting" to raise rates for years now. Most of the time, they chicken out, and last time they went through with it (2018), the Fed Chairman was replaced with someone who was well known to be "dovish" on rate increases.
- aeyes 5y agoI don't follow your argument, the feds interest rate consistently increased from the end of 2017 until Covid hit. When Powell started it was at 1.4% and got up to 2.4% in July 2019, more than one year after he took office.