The federal reserve is independent, but the current chair was nominated by the former guy - and in 2019 the former guy definitely pressured the federal reserve

The federal reserve is independent, but the current chair was nominated by the former guy - and in 2019 the former guy definitely pressured the federal reserve to not raise rates as it saw a need to. Then in 2020 the federal reserve loaded up its biggest balance sheet in history and ignored other government stimulus. "This" is also arguably not a "bad thing" as rates are still below the mean (during which the US saw extensive growth). Neither us political party is actively considering increasing immigration, which would reduce the "supply side" labor of the equation as we see perhaps the largest demographic shift in workers:citizens as baby boomers retire (which is exactly what Japan saw and China is starting to see) The lowest sustained unemployment rate may not have been the best kpi to target by the last 7 administrations.