The Fed is raising rates at a faster pace than ever in the last 40 years. They believe this is needed to stop Biden’s inflation from destroying the economy.
The Fed believes it has never had to raise rates higher and faster than at any time in the past 40 years to prevent Biden’s inflation from putting the US economy into a depression.
The Fed has never raised rates faster
We are all test subjects in a massive economic experiment pic.twitter.com/n3Bz6VG1GE
— Genevieve Roch-Decter, CFA (@GRDecter) December 22, 2022
Elon Musk shared the above tweet. America is falling apart under Biden’s economy-destroying policies.
Elon Musk replied to my Tweet.
Might faint. pic.twitter.com/2jX8HAlKWn
— Genevieve Roch-Decter, CFA (@GRDecter) December 22, 2022
Notice in the chart above that the Fed never had to increase rates under President Trump. Something it didn’t come close to doing under Obama. Trump’s economy was so good it could take it.
GW Bush’s Presidency couldn’t handle the Fed’s rate increases that destroyed Americans’ mortgages with balloons and led to the 2008-2009 recession.
This time the Fed’s actions are excessive and scary. Biden’s policies are killing the economy.
