There goes Doog Bot. Do you guys understand that raising interest rates is intended to bring the unemployment rate up? You’re tightening the monetary supply. You dont get to have it both ways. Trumps only policy is to pressure the FED to lower rates again. That’s why he wants to be in charge of it. He’ll cause inflation to happen again.
What do you mean again?
Well Race, you guys hate inflation and you hate unemployment. The FEDs job is to prevent the former. Trump wanted both. He pressured the FED to lower interest rates during his term. We basically continued to give out free money when the economy was running hot. As a result of too much money in supply, inflation kicked in for when Biden was in office.
The FEDs actions to raise interest rates is designed to bring that unemployment rate up and tighten that supply of money. Why are you guys shocked about that. If anything, the economy has held up well against those rates rising aggressively as they have. You can’t have both once youre in that position of having high inflation.