President Trump enjoyed his 102nd stock market record last week.
Then Fed Chairman Jerome Powell raised the interests rates AGAIN under President Trump.
Now the Dow Jones is down 1500 1,743 1,501 points in the last week.
President Trump said the “Fed is crazy.” He’s right.
Trump has been saying for the past year, with Stocks at all-time highs and unemployment at 50-year lows, the Fed’s interest rate increases show a far-left liberal bias.
Right after Barack Obama was elected President, on December 16, 2008, the Federal Reserve (The Fed) lowered the Fed Funds rate by an entire percent, from 1% down to 0% .
The Fed had not lowered the Fed Funds rate by such a large amount (1% ) since at least before 1990, if ever. The Fed kept this 0% rate for most of Obama’s eight years in office.
Read the entire article