Additional rate hike could be needed if inflation stays high

[GMDino]

(04-06-2024, 11:21 PM)HarleyDog Wrote: Wait... But I thought the Fed was the one who raised interest rates. Powell was the chair during the Trump administration and remains during the Biden administration. You're blaming shit on Trump as usual. I don't believe the POTUS influences the Federal Reserve and its decisions. But, I could be wrong. I already know what your next post will be, so fire away.

But, but, but. Trump asked for the rates to stay low. Well, he can say whatever he wants but not his decision. 

You show me where I said "Trump" held the interest rates.  Go ahead.

He kept saying he wanted them lower than zero...but that is basically because he doesn't understand anything other than "me get better rates from banks...good".

Fortunately the Fed is able to maintain some sense of neutrality.  Some.

But I believe most people would say that the lower rates are used when the economy needs a push.  Higher rates to keep from it "overheating".

You're knee-jerk defense of Trump is funny though.