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by lazide 1216 days ago
I was pointing out that Trump kept threatening to fire the Fed Chairman if he didn't drop interest rates.

[https://www.reuters.com/article/us-usa-fed-trump-tweets/trum...]

This wasn't that many years ago!

1 comments

The Fed was raising rates first couple years of Trump. And the economy was doing okay with higher rates.
Oh, I never said Trump was doing what he was because of any concern about the economy.

The fed wasn’t in his crosshairs at first, but when they started to raise rates…

Trump and his family has extensive real estate ties, and those were having trouble due to the rising rates.

So then he started threatening them, and miraculously, they took a break. Which seems to have helped his son in law avoid bankruptcy at the minimum.

Weird, huh?