dennisbmurphy
1 min readDec 16, 2024

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Powell's lower interest rates helped get us out of the Covid Pandemic and on to recover- inflation was naturally going to follow the pent-up demand.

High interest rates benefit the wealthy. Mild inflation benefits debtors (and homebuyers and car buyers and people who use credit cards). Not unsurprising that Mr Busler prefers a monetary policy which enriches the wealthy and top percent.

The only reason Mr Busler thinks raising rates in 2018 was "bad decision..for no reason" is Mr Busler's attempt to suck up to Trump who was president at that time. And Trump put pressure out to keep the Fed from raising the rates probably because he felt it would slow the economy and make him look bad- get it- make Trump look bad- which is all Trump cares about.

The rate went from 1.5-1.75 in March 2018 to 2.25-2.5 in December 2018. Hardly an economy crashing increase.

It is such an obvious connection:

Raising rates when Trump was in office = Bad

Lowering rates before Trump is in office = Bad

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dennisbmurphy
dennisbmurphy

Written by dennisbmurphy

Cyclist, runner. Backpacking, kayaking. .Enjoy travel, love reading history. Congressional candidate in 2016. Anti-facist. Home chef. BMuEd. Quality Engineer

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