Quote:
Originally Posted by Jim in CT
i didn’t say the feds aren’t ever supposed to raise rates. but those hikes were not in response to inflation, and they probably slowed economic growth. just because trump says something, doesn’t necessarily mean he’s wrong.
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He explained their rational March 20, 2019 Trump didn't like that response so he blames and then want to appoint stooges .because it contradicts.. the White House
Mr. Powell showed little concern about inflation (so yes the rate hike had nothing to do with that but he stated his reasons
Powell, the Fed chairman, said the economy “is in a good place” in a news conference. But he and his colleagues said growth appeared to be slowing from last year, under the weight of the Trump administration’s trade war, economic slowdowns in Europe and China and fading stimulus from the Republican tax cuts of 2017.
https://www.nytimes.com/2019/03/20/u...fed-rates.html