cjolley,
Of course they don't sit an a windowless room. Do you know the reasons for raising interest rates by the FED? I do. And the presidency has little control over that. The president cannot do anything (with the exception of crisis situations) to change that, unless the congress passes legislation first.
So, please come and tell me what policies specifically were causing the FED to increase interest rates.
Rags
If you think the FED sits in a windowless room to set interest rates you are mistaken.
Differences in Administrations policies have a huge effect on the decisions that the FED makes.
Differences in Administrations policies have a huge effect on the decisions that the FED makes.
So, please come and tell me what policies specifically were causing the FED to increase interest rates.
Rags
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