re: interest rates on home mortgages wont fall anytime soon

I remember thinking to myself in 2014, “why have these frickers not started raising rates”? In my opinion, Obama’s fed should have started raising rates a year before they did. But when Trump’s fed started lowering rates, that’s when I said “oh frick”.

The fed chief supposed to be an apolitical role. Trump changed that, and the only rationale I could come up with is this

That fricker cared not one bit about the long term ramifications. My assumption it that he probably had a few hundred mil in notes maturing in 2019. And he didn’t want to pay higher rates.