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by Red_Leaves_Flyy 779 days ago
The Fed dropped the ball by keeping rates low. Their choice to keep them artificially low created mountains of problems that we’re still suffering from.
1 comments
lazide 778 days ago
Notably at least partially due to political pressure from Trump - including threats to fire the chairman of the Fed - to avoid higher interest rates and even defaults on his and his families extensive real estate holdings.

[https://apnews.com/article/2a21e92ed9129e91e713495c9ef50050] [https://www.hindustantimes.com/business-news/kushner-compani...]

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Red_Leaves_Flyy 778 days ago
In the Antithesis of a trump supporter but don’t make it seem like Obama couldn’t have done anything when he benefited from the low rate environment too.
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lazide 778 days ago
Did Obama threaten to fire the head of the Fed if he raised rates? Or say anything, actually? Because I don’t remember any of that.

Because if he had, then he’d be easy to blame. If he hadn’t then it’s squarely on the fed isn’t it?

Since Trump explicitly did take action, why should he not get blamed for his part in it?

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