re: The Federal Reserve is a smooth operator that picks and chooses who has a nice economy

quote:

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The Federal Reserve is a smooth operator that picks and chooses who has a nice economy

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Trump knew this going in. After 8 years of no rate hikes under Obama, they started almost immediately raising rates once Trump was elected. Then Trump called them out on it, and surprisingly the rates magically fell again

Jan, 2007 - Obama sworn in
Sep. 18, 2007 -50 4.75%
Oct. 31, 2007 -25 4.50%
Dec. 11, 2007 -25 4.25%
Jan. 22, 2008 -75 3.50%
Jan. 30, 2008 -50 3.00%
Mar. 18, 2008 -75 2.25%
Apr. 30, 2008 -25 2.00%
Oct. 8, 2008 -50 1.50%
Oct. 29, 2008 -50 1.00%
Dec. 16, 2008 -100 0% to 0.25%

And stayed that way until Trump was elected in Nov, 2016
Dec. 15, 2016 +25 0.5% to 0.75%
Mar. 16, 2017 +25 0.75% to 1.00%
June 15, 2017 +25 1.00% to 1.25%
Dec. 14, 2017 +25 1.25% to 1.50%
Mar. 22, 2018 +25 1.50% to 1.75%
June 14, 2018 +25 1.75% to 2.0%
Sep. 27, 2018 +25 2.0% to 2.25%
Dec. 20, 2018 +25 2.25% to 2.50%

June 10, 2019 - Repeated criticisms from the president are part of the context in which Jerome Powell must make an interest-rate decision soon.

Aug. 1, 2019 -25 2.0% to 2.25%
Sep. 19, 2019 -25 1.75% to 2.0%
Oct. 31, 2019 -25 1.50% to 1.75%
Mar. 3, 2020 -50 1.0% to 1.25%
Mar. 16, 2020 -100 0% to 0.25%

Amazing how that happened, isnt it?