Rep. Louie Gohmert: The Fed Did All It Could to Help Obama – Now Doing All it Can to Hurt Trump (VIDEO)
by Joe Hoft
TheGatewayPundit.com
May 24, 2018
The Federal Reserve under Janet Yellen in December 2017 announced another Fed Fund rate increase of 0.25%. This was the fourth such increase since Donald Trump was elected President. The Fed increased rates only one time under Obama until the 2016 election.
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 Rest…HERE
