Sep. 14 at 9:36 PM
$BAC The FED refused to hike rates on Biden until mid-2022 and CPI had already passed 8% while repeating the Biden admin's "transitory" term which obviously was not true.
The FED cut rates 3X for the Biden admin at the 2024 elections including a jumbo 50 basis points in SEP to juice the economy and markets for the incumbents. Notably, core CPI was 2.4% in that SEP 2024 jumbo cut EXACTLY where it is today.
If the FED hikes rates just before the midterms on Trump at the exact same core CPI number that they jumbo cut for Harris, then the evidence is 100% conclusive that the FED is an arm of the Democrat party and will act against the interest of the American people to help Democrats particularly at election time when it was once considered taboo to change policy. This doesn't even account for the fact that members of the FOMC donate over 80% to the Democrat party with their political contributions.
If the FED hikes rates, should the Trump admin dissolve the Democrat run FED?
