Evidence Of Politics in Fed Interest Rates

The chart shows the fed followed one policy during Obama's era  (near zero federal funds rate) and a different policy of ramping up during Trump's term.  This is fuel if you wish to dislike Chairman Powell.  The details don't match the narrative well.   Rates that had risen to pre-2008 levels are going down during the current crisis and the plummeting rates from the 2008 crisis corresponded perhaps only coincidentally with President Obama's election.  A little deeper is the thought that interest rate "setters" are always playing catch-up to reality.  As noted by Zero Hedge, even running interest rates several points negative won't fire up the economy because those rates are devastating to investors and savers, even while being a deal for would be borrowers.

Reproduced at Gateway Pundit