Trump, who appointed Jerome Powell, has called for lower interest rates and said he believes the president should get a say on the Fed's rate decisions.
The US Manufacturing sector was in a full blown recession in the last two quarters of 2019, with the rest of the economy expected to follow suit in 2020. Hence the Fed’s attempts to stimulate the economy through rate reductions. That was well before covid was even on the radar.
King Baby got a pass on his tariff induced recession due to the emergence of a global pandemic.
I didn’t realize rates were THAT low right before 2020 so thanks for reminding me. I remember him, at some point, wanting to have negative rates.
The US Manufacturing sector was in a full blown recession in the last two quarters of 2019, with the rest of the economy expected to follow suit in 2020. Hence the Fed’s attempts to stimulate the economy through rate reductions. That was well before covid was even on the radar.
King Baby got a pass on his tariff induced recession due to the emergence of a global pandemic.