Quote:
Originally Posted by Bladewire
Um, no.
Obama DROPPED the fed rate 12 times in his 8 years and raised rates 1 time... in 8 years. You don't blame Obama for Trumps inflation & Trump's tarriff war  |
With lower interest rates money is cheaper to borrow which means people buy more and the whole supply and demand makes prices shoot up. You need higher interest rates to control supply and demand and inflation.
