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The Fed cut interest rates 7 times at the beginning of the Obama presidency (understandable given the deep recession), but what is next is remarkable. For essentially 8 years, Obama appointee Janet Yellen held the fed interest rate at the lowest Fed interest rate possible - 0.25% (essentially zero since it cannot go lower) in hopes of stmulating the economy. 8 years! The only interest rate hike Obama's economy was ever subjected to (given it's fragility) was a single quarter percent increase in Dec 2015 and nothing thereafter....UNTIL...

...the Trump Bump happened as hope was rekindled and the Fed immediately began a binge of make-up rate hikes that also were aimed at tamping down what it feared otherwise would be an over-exuberant economy.

Trump's economy (and market) has endured 8, count them 8 rate hikes since then in just the past 2 years with the most recent cut bringing the rate up to 2.5%.

Since some of you 24/7 Hate Trumpers have posted when the market was down recently, it seems fair to point out thet the Trump economy is so solid that the market has recovered, and has endured yet another make up rate hike made necessary by the Obama economic debacle (a total lack of recovery in 8 years).

One of the libs who posted about the previous market dump after the last fed rate hike claims that the president doesn't affect the market yet posted when it dropped anyways

I absolutely think Trump should not be calling out the Fed, but when you look at this data, you can see why he is pissed off. But Trump should understand the president subsequent to one as economically bad as Obama was going to be inevitably handicapped for a long time.


Link: https://www.thebalance.com/fed-funds-rate-history-highs-lows-3306135