Thank goodness one part of Govt is independent of Trump.
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They need to keep rates down a bit longer. The economy could use some inflation.
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Are they are are they not playing a game here? They have made mistakes in the past under other administrations.
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Correction: The federal Reserve unanimously backed higher interest rates to spite Pres. Trump (and fark over the rest of America).
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As they should!
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Just like the East German Olympic Judges during the cold war, home field referees for the Patriots, and the so-called mainstream media. Congress should disband these assholes at once. Go back to the gold standard and give the boot to these unelected heavy handed asshats.
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But Trump will be blamed if the economy tanks!
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They need to be around 10%.
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Why won't some people / institutions just give up on that old prudent, democratic, free America and embrace Trump and his Chaos Train to Fascism, Oppression and War?
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Trump gets what he picked. Jay Powell took the seat of Yellen at his request.
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Handing power to the FED to manipulate the economy opens the door to corruption for then special interests will bribe the politicians for favors – i.e. Clinton's making student loans nondischargeable at the request of NY Bankers. FACT!!
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Their job is to be independent and guess what.. that's just what they're doing.
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And you are okay with this?
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Yes.. and I take it you're not. Now you can go away.
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So much for congressional oversight eh?
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Oh.. and you've never heard of separation of powers? If Congress had oversight it would bring politics into the setting of interest rates and that would be disastrous. But I sense you don't care since what the Fed is doing might be hurting Trump somehow.
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I am confident now you don't have a the slightest clue what you are talking about. Interest rates should have been raised well over eight years ago. And it is the soul power congress to oversee the Federal Reserve. Or did you miss that in civics?
End of conversation
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