The Soapbox

Capital City Hoo

Joined: 08/30/2002 Posts: 6904
Likes: 12423


It wasn't. The Fed kept them low, but the previous Administration


was absolutely trying to influence Fed policy, which isn't good. Monetary policy shouldn't be a political tool.

Rather, the previous Administration, working with Congress, ran budget deficits during an economic expansion that would have made Obama blush. Truly embarrassing for the GOP, honestly, and horrible for our country.

But money had been too cheap for too long - a lot of that is on the Fed. It created a number of distortions in markets, and expectations that shouldn't be realistic over the long haul.


[Post edited by Capital City Hoo at 12/11/2023 1:43PM]

(In response to this post by TomGlansAski)

Posted: 12/11/2023 at 1:35PM



+1

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Current Thread:
  Yikes..a GOT reference.. -- GoochlandHoo 12/11/2023 2:44PM
  Why they raise rates? ** -- TomKazanski 12/11/2023 1:12PM
  Why did the interest rates rise? ** -- JMHoo 12/11/2023 1:10PM
  Duh - becuz RepubliKKKunts. ** -- ResistHoo 12/11/2023 1:17PM
  Yes ** -- WaxHoo 12/11/2023 1:34PM
  Yes. ** -- TomGlansAski 12/11/2023 1:17PM
  Surely not because Trump sent bigly checks -- BocaHoo91 12/11/2023 1:12PM
  Ever heard of the Federal Reserve Board? ** -- SixerHoo 12/11/2023 1:07PM
  More Biden records -- TomKazanski 12/11/2023 1:01PM
  Drastically as we are experiencing now -- TomKazanski 12/11/2023 4:16PM
  By doing stuff. Everyone knows that! ** -- TomGlansAski 12/11/2023 1:57PM

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