POWELL CRASHES TRUMP ECONOMIC BOOM! Raises Rates AGAIN on Trump — DOW DIVES 1,743 POINTS IN ONE WEEK!
President Trump enjoyed his 102nd stock market record last week.
Fed Chairman Jerome Powell raised the interests rates AGAIN under President Trump.
The Dow Jones is down 1500 1,743 points in the last week.
President Trump said the “Fed is crazy.” He’s right.
Trump has been saying for the past year, with Stocks at all-time highs and unemployment at 50-year lows, the Fed’s interest rate increases show a far-left liberal bias.
Right after Barack Obama was elected President, on December 16, 2008, the Federal Reserve (The Fed) lowered the Fed Funds rate by an entire percent, from 1% down to 0% .
The Fed had not lowered the Fed Funds rate by such a large amount (1% ) since at least before 1990, if ever. The Fed kept this 0% rate for most of Obama’s eight years in office.
CNBC reported in December 2015 that President Obama oversaw “seven years of the most accommodative monetary policy in U.S. history” (from the Fed). The Fed Funds rate was at zero for most of Obama’s time in office. Finally, in December 2015 after the Fed announced its first increase in the Fed Funds rate during the Obama Presidency.
The only Fed Funds Rate increases since 2015 were after President Trump was elected President. The Fed increased the Fed Funds Rate now seven times.
https://www.thegatewaypundit.com/2018/10/powell-crashes-trump-economic-boom-raises-rates-again-on-trump-dow-dives-1500-points/