Yellen Hikes Interest Rates for THIRD TIME Since Trump Elected President – But Only Once in Obama’s 8 Years
by Joe Hoft
TheGatewayPundit.com
Jun 15th, 2017
In the past 10 years there have been only four Fed Funds rate increases.
Three of those increases have occurred since President Trump won the election on November 8th, 2016.
No Fed Funds Rate increases took place between June 2006 and December 2015. CNBC reported in December 2015 that President Obama oversaw “seven years of the most accommodative monetary policy in U.S. history” (from the Fed). Finally, in December 2015 after the Fed announced its first increase in the Fed Funds rate during the Obama Presidency, it was reported that:
“Given the economic outlook, and recognizing the time it takes for policy actions to affect future economic conditions, the committee decided to raise the target range for the federal funds rate to ¼ to ½ percent,” the FOMC’s post-meeting statement said. “The stance of monetary policy remains accommodative after this increase, thereby supporting further improvements in labor Premarket conditions and a return to 2 percent inflation.”
The only other Fed Funds Rate increases since 2016 were after President Trump was elected President. The Fed Funds Rate increased on December 14, 2016, on March 15th, 2017 and yesterday June 14th, 2017 by .25%.
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