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Not true. Powell raised rates, and then Trump threatened to fire him. Powell continued to raise rates anyway. The Fed takes no shit from the president or cong
by fallingknife 4y ago
Not true. Powell raised rates, and then Trump threatened to fire him. Powell continued to raise rates anyway. The Fed takes no shit from the president or congress.
edit: HN is rate limiting me, but to see why the commenter below is wrong, just zoom out the chart he linked to 5 years view.
- throwaway12245 4y agoSee here for clarification: https://tradingeconomics.com/united-states/interest-rate https://tradingeconomics.com/united-states/interest-rate Trump was out of office for a long time before fed rates started to rise. Fed was late, should have stomped on inflation early.