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The Fed will probably cut interest rates in September, rewarding good economic stewardship.

The Fed will probably cut interest rates in September, rewarding good economic stewardship. | THE US GROSS DOMESTIC PRODUCT GREW AT 2.8% IN THE SECOND QUARTER OF 2024. THE GDP HAS GROWN EVERY YEAR SINCE THE TRUMP 2020 NEGATIVE 2.2% DOWNTURN. OVERLY ROBUST AND INFLATIONARY POST-COVID GROWTH IN 2022 CAUSED THE FEDERAL RESERVE BANK TO RAISE INTEREST RATES TO COOL THE ECONOMY. THE BIDEN-HARRIS ECONOMIC PLAN AVOIDED A RECESSION, RETURNING GROWTH TO MODERATE LEVELS. | image tagged in statistics | made w/ Imgflip meme maker
59 views • 1 upvote • Made by LarryCaird 16 hours ago in politics
statistics
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8 Comments
LadyBeerFart
4 ups, 16h,
2 replies
US GDP: 2017 -> 2.24%; 2018 -> 2.95%; 2019 -> 2.29%; 2020 -> -2.77% (when everything was shut down for a fake pandemic); 2021 -> 5.95% (rebounding after all the negative); 2022 -> 1.94%.
Not sure where you get the negative 2.2% during Trump. Only the Year of the Fear Mongering Shutdowns. Get a clue Larry. Your rainbow colored glasses are making you hallucinate.
merryprankster
3 ups, 15h
He didn’t listen to Wavy Gravy; he took the brown acid.
LadyBeerFart
3 ups, 15h
So why are you blaming the pandemic year? on my link all economies took a hit. But you try to make it look like it's unique to Trump. Lame Larry.
Frank_Blunt
2 ups, 13h
They tried & failed to take the whole thing down. Treasonous rat bastidges
AmericanViking
2 ups, 13h,
1 reply
“Vice President Kamala Harris cast the tie-breaking vote in the Senate for the first COVID-19 stimulus package in 2021 which led to inflation, in what critics call a sign of what’s to come in a possible Harris administration.”
AmericanViking
2 ups, 13h
“The U.S. inflation rate was 1.4% in 2020, then jumped to 7% in 2021.”

Biden repeatedly, and falsely, claimed he inherited 9% inflation.

And Americans are noticing. The report cited a Pew poll from May in which 62% of adults said inflation was “a very big problem.”
LadyBeerFart
1 up, 16h
https://www.macrotrends.net/global-metrics/countries/USA/united-states/gdp-gross-domestic-product
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THE US GROSS DOMESTIC PRODUCT GREW AT 2.8% IN THE SECOND QUARTER OF 2024. THE GDP HAS GROWN EVERY YEAR SINCE THE TRUMP 2020 NEGATIVE 2.2% DOWNTURN. OVERLY ROBUST AND INFLATIONARY POST-COVID GROWTH IN 2022 CAUSED THE FEDERAL RESERVE BANK TO RAISE INTEREST RATES TO COOL THE ECONOMY. THE BIDEN-HARRIS ECONOMIC PLAN AVOIDED A RECESSION, RETURNING GROWTH TO MODERATE LEVELS.