General Discussion

ffr

(22,670 posts) Wed Oct 24, 2018, 04:46 PM Oct 2018

President Barack Obama's term: Jan 20, 2009 through Jan 20, 2017

Federal Funds Rate

Buckle up for the tRump slump folks. VOTE for democrats, because your job, your bank account, your children's future, and global economic security depend upon it!

4 replies

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President Barack Obama's term: Jan 20, 2009 through Jan 20, 2017 (Original Post) ffr Oct 2018 OP

This is a great picture and worth millions of words. Wellstone ruled Oct 2018 #1

What is this supposed to signify? SCantiGOP Oct 2018 #2

Correction, the GOP/conservative/Republican Great Recession, not "the recession." ffr Oct 2018 #3

The Fed started raising rates a year before Obama left. former9thward Oct 2018 #4

Wellstone ruled

(34,661 posts)

1. This is a great picture and worth millions of words.

Reply to ffr (Original post)

Wed Oct 24, 2018, 04:49 PM

Oct 2018

Hunch say.s,extra tight belt

SCantiGOP

(13,871 posts)

2. What is this supposed to signify?

Reply to ffr (Original post)

Wed Oct 24, 2018, 04:52 PM

Oct 2018

The fed rate was at 0 because of the recession, not anything to do with Obama.
The Fed is independent in its rate setting, something that Trump doesn’t understand.

ffr

(22,670 posts)

3. Correction, the GOP/conservative/Republican Great Recession, not "the recession."

Reply to SCantiGOP (Reply #2)

Wed Oct 24, 2018, 05:05 PM

Oct 2018

Perhaps it would be more effective to you if I also laid over the deficit charts from the 1990s and 2010s.

The significance is the presidential economic policies, diplomacy, statesmanship in government matters, even with the independence of the Fed.

former9thward

(32,025 posts)

4. The Fed started raising rates a year before Obama left.

Reply to ffr (Original post)

Wed Oct 24, 2018, 06:22 PM

Oct 2018

And at the time they said they would continue raising them ever quarter or so. Other than known history I am not sure what the graph means.

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