The fed announced a pause on rate hikes
- Thread starter 3Rfan
- Start date
We had 'free' money for way too long.
Trump just poured gas on a fire that was already strong.
His economists knew this would happen.
Not a Trump fan but looking at this simple graph it would appear interest rates actually rose from 2016-2020 when Trump was in office. My source is cited for review and would like to hear the argument that it is Trump's fault while looking at the actual rates by year. Seems like they went from almost 0 during Obama (with the help of Wall Street and the banks in the housing crisis of 2008-2009) then began to rise right before the election in 2016 and then dropped again because of the pandemic. Then we add both Trump and Biden signing trillion dollar spending packages together to create the inflation. Both sides are at fault not just 1.
