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Presidents want low interest rates for a booming economy in election years, but that can be bad in the long term

Presidents want low interest rates for a booming economy in election years, but that can be bad in the long term | DO YOU REMEMBER WHEN GOVERNMENT INTERFERENCE WITH THE FEDERAL RESERVE WAS CONSIDERED A BAD THING? PEPPERIDGE FARMS REMEMBERS | image tagged in pepridge farms,humor,trump,federal reserve | made w/ Imgflip meme maker
247 views 3 upvotes Made by jokester1 5 years ago in politics
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10 Comments
2 ups, 5y,
1 reply
Obama did it for 8 years and nobody said a damn thing
0 ups, 5y,
1 reply
cite an example please
2 ups, 5y,
1 reply
How do you have an example of something that didn't happen. As far as the interference during Obie's admin... just look at the interest rate kept at Zero.
0 ups, 5y,
2 replies
Low Interest rates are not proof of interference. In Trump's case, one example that can be interpreted as interference are when he publicly tweets what he thinks the Fed should do, such as this one. https://twitter.com/realDonaldTrump/status/1155829888701673472
2 ups, 5y
Or better yet... maybe you could explain why the interest rates held at zero until Trump took office?
2 ups, 5y,
1 reply
FAIL = You're gonna have to prove how Trump tweeting an opinion affects the interest rate set by the Fed Reserve.
0 ups, 5y,
1 reply
Whether the Fed listens is another question, but my point is that, the President should not even be commenting on how he thinks they should behave. This rarely happened in the past and when it did there was an outcry. There are numerous example of Trump commenting on what he thinks the Feds should do in both tweets and interviews. You claimed Obama did that too, but didn't cite any examples..
1 up, 5y,
1 reply
Well lookee you... another democrat who's all out anti-1A.
0 ups, 5y
Okay, I'll take your ad hominem attack as a confirmation that you can't cite an example.
0 ups, 5y
It shouldn't be a bad thing though. The Federal Reserve which isn't owned by the government is responsible for all the crashes of the last century. If you need to ask me for references, go get educated. Not my job from here.
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DO YOU REMEMBER WHEN GOVERNMENT INTERFERENCE WITH THE FEDERAL RESERVE WAS CONSIDERED A BAD THING? PEPPERIDGE FARMS REMEMBERS