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re: Fed potentially raising rates

Posted on 10/7/17 at 11:06 am to
Posted by BACONisMEATcandy
Member since Dec 2007
46644 posts
Posted on 10/7/17 at 11:06 am to
quote:

Yellen is not making rate decisions based on Trump. This is an absolutely ludicrous notion


Saying who the President is and their actions don’t have any influence on the Fed’s policy is an absolutely ludicrous notion.
This post was edited on 10/7/17 at 4:33 pm
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 10/8/17 at 2:33 pm to
quote:


Saying who the President is and their actions don’t have any influence on the Fed’s policy is an absolutely ludicrous notion.


I meant in reference to decisions made specifically for "screwing" Trump politically. As in "Yellen is not making rate decisions based on trying to hurt Trump's political standing.

Maybe during a reelection cycle it would be somewhat realistic. Even then, I have a hard time believing the FED Reserve chair would prioritize political manipulation over economic health. These economists have their reputation to protect and it means a ton to them
This post was edited on 10/8/17 at 2:34 pm
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