Trump and his allies are crying “election interference” over the Federal Reserve’s decision to slash interest rates
After months of complaining about the crippling burden of high interest rates and expensive borrowing, Republicans for some strange reason don’t seem too happy that the Federal Reserve has moved to do something about it.
On Wednesday, the Federal Reserve announced it is cutting interest rates by half a percentage point. It’s the first cut since 2020 and a long-awaited decrease to historically high interest rates.
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and lets not forget trump harrassed the fed to drop them to zero before covid which is how we got the inflation at the end of his term.
Everyone overlooks that. It’s the only knob we have and he abused it and we paid the price.
The whole world got hit by inflation
yeah do to the dollar. “when America sneezes, the world catches a cold.”
The whole word dropped their interest rates.
Interest rates didn’t disrupt supply chains and lead to price gouging though
price gouging was taking advantage of the intrinsic infaltion and supply chains were strained more by demand brought about by cheap money.