The FED’s Interest Rate Hikes and Threats Killed the Record Stock Rallies – Cost US Trillions

Wednesday, November 21, 2018
By Paul Martin

by Joe Hoft
November 21, 2018

One of the top economists on the Trump team, Stephen Moore, discussed the US economy and the recent decline in US markets on FOX Business. Moore agrees with President Trump that the recent interest rate increases by ‘The FED’ have put the markets in a tailspin. In addition, these increases are costing US taxpayers trillions.

Moore was on FOX Business yesterday and he again stated that the Fed has overdone it by increasing interest rates. There is no evidence that the US is facing inflation right now and therefore the Fed should not be increasing rates –

Moore is right. The Fed’s actions to increase interest rates have stalled the stock market and are costing US tax payers trillions in current and future debt payments. The Fed provided former President Obama the most generous interest rate package ever. Rates under Obama remained at 0% most of his seven years in office. In late 2015, the Fed raised rates 0.25% but this was for only one year and the only time the rates were raised up to the 2016 election.

After President Trump won the election in 2016, the Fed started a steady program of raising interest rates. Rates were increased seven times by the Fed since the 2016 election to their current 2%.

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