Interest rates were already increasing when Trump was elected. They jacked rates... | Hacker News

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		somewhat_drunk on July 21, 2023 \| parent \| context \| favorite \| on: TSMC warns over deepening slump in chipmaking sect... Interest rates were already increasing when Trump was elected. They jacked rates to cool the economy, as they should have done. Rates were already decreasing when COVID hit, and they dropped rates to zero when the economy shut down, as they should have done. Correlation does not necessarily imply causation, as I'm sure you know. You could have simply looked up a long-term chart of the FED funds rate to verify your political belief, but you chose not to. Why? https://www.newyorkfed.org/markets/reference-rates/effr

landemva on July 22, 2023 [–]

February 2020 discount rate was 2.25. March 2020 it was 0.25. Was that the biggest drop ever? Just two weeks to slow the spread, ha!

https://fred.stlouisfed.org/series/INTDSRUSM193N

somewhat_drunk on July 22, 2023 | | [–]

I can't tell if you're being disingenuous or if you're just not very bright.

ajross on July 22, 2023 | | [–]

That was a full year before Trump left office though. Are you confused about dates?

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