[DoodleDawg]

He then leveled direct criticism at Fed Chairman Jerome Powell, who he said should be slower on interest rate rises."It's going too fast, because you look at the last inflation numbers -- they're very low," he said.

The reason for raising the rates is to keep those inflation numbers very low.

[Louis Foxwell]

In the current climate the Fed is acting to slow the economy to Obama levels of 0 or -. The Fed plays with money. The street economy plays with jobs and industry. When the Fed slows jobs and industry it is doing the average
American no favors.

[ridesthemiles]

The reason for raising the rates is to keep those inflation numbers very low.”””

When Jimmah Carter was in office, the PRIME RATE was OVER 21%. I don’t remember inflation being low. I only remember a stagnant economy—people being UNABLE to buy houses & having to buy gas every other day because of his policies.

I also remember the downfall of the Shah if Iran and the failed ‘attempt’ to rescue the Americans held hostage by Iran. Those hostages spent 444 days (IIRC) in Iran, until Reagan got them released within days of his Presidency.

The bombing of military facilities also happened under Carter.

YUP-—the ridiculous prime rate sure was wonderful.........