FED Increases Rates Once Again on Trump – FED and Obama’s Massive Debt Only Things Preventing a Trump Balanced Budget
by Joe Hoft
TheGatewayPundit.com
December 14, 2017
The Federal Reserve under Janet Yellen yesterday announced another Fed Fund rate increase of 0.25%. This is the fourth such increase since Donald Trump was elected President. The Fed increased rates only one time under Obama until last year’s election!
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 on December 14, 2016, on March 15th, 2017, on June 14, 2017 and again yesterday on December 13, 2017. Four times the Fed has increased rates on President Trump after doing so only once on President Obama.
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