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this post was submitted on 11 Nov 2024
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politics
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The main problem is that people don't understand that the Vice President does not set monetary policy. Neither does the President. The Federal Reserve is supposed to be completely immune to political pressure. Fortunately, King Donald will do his best to put an end to that.
I happen to believe that the current policy was correct, and averted even worse problems - but that does not happen in a matter of months. If Trump somehow fails to fudge up the trajectory we are on, he will get to take credit for policies enacted during Biden's presidency (again, not by Biden, but nobody will care).