Historically speaking, when the president and majority party put pressure on the fed it bows to that pressure. To say they are independent is a stretch. Given the situation with split deep state factions we shall see what happens. The fed knows it needs to be able to drop interest rates when the student loan bubble pops. The wild card is that the repub tax cuts actually got manufacturing jobs to come back en mass so the bubble isn't without legs.
I think this is a short term correction people are hedging their money in fear of a dem majority.
view the rest of the comments →
14420683? ago
Historically speaking, when the president and majority party put pressure on the fed it bows to that pressure. To say they are independent is a stretch. Given the situation with split deep state factions we shall see what happens. The fed knows it needs to be able to drop interest rates when the student loan bubble pops. The wild card is that the repub tax cuts actually got manufacturing jobs to come back en mass so the bubble isn't without legs.
I think this is a short term correction people are hedging their money in fear of a dem majority.
14421315? ago
the fed may serve a master, but dollars to doughnuts it ain't DJT!
14435973? ago
That is yet to be seen, DJT's presidency isn't over. If he can sweep 2020 and still have a majority, the fed will bend the knee.