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Spin Zone / Re: Way to go Portland!
« on: July 07, 2021, 12:01:36 PM »The Fed doesn’t take direction from any president. Trump might have told them to fuck off, but they still did whatever they liked.That’s naive. I never said there was a direct reporting line on an org chart. I said the Fed is influenced by politics. Prove me wrong.
The Fed didn’t raise rates because they felt the economy was growing at a good rate. It had nothing to do with what Trump said.
https://www.nytimes.com/2019/01/30/us/politics/fed-interest-rate.html