Didn't the Fed say they were going to keep raising rates until unemployment went up?Originally Posted by nutsy54
Unemployment has been overall increasing for nearly a year. How is that a "Boom"? (Or are you simply mocking Ecto's laughably failed thread?)
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03-17-2024, 04:51 PM #181Registered User
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03-18-2024, 04:09 PM #182Random Words
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I have no idea. Back to the original point... can't coherently praise Biden for low unemployment, when it's been increasing for nearly a year.Originally Posted by NYPat
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03-18-2024, 04:28 PM #183Registered User
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Why can't you? The Fed raising rates over and over and over and you're complaining about unemployment still under 4%, while still avoiding a recession?Originally Posted by nutsy54
Guess there's no making you people happy unless the guy in the White House has an R next to his name..
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03-19-2024, 04:37 AM #184Random Words
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The thread topic is literally "Biden", not the Fed. So why are you deflecting from Biden?Originally Posted by NYPat
The Fed funds rate has been flat since August. Why do you describe that as "raising the rates over and over"?
https://fred.stlouisfed.org/series/FEDFUNDS
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03-19-2024, 04:42 AM #185Registered User
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Um because they did? And they said their intent was to keep doing it until unemployment starting going up... the thing you're trying to blame Biden for even though it hasn't even hit 4%?...Originally Posted by nutsy54
Nutsy whatever point you're trying to make here isn't working.
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