It didn’t get the “ink” that a lot of other stories did (including one that never happened) but I maintain that the biggest political story of the week just passed was the Fed raising interest rates again. This one almost certainly will have massive negative repercussions in the future. I read and heard all the justifications for the Fed’s move but I still can’t understand why they did it unless one of two -and neither are good – circumstances exist.
Tag Archives: interest rates
Is The Fed Non-partisan?
Originally the substance of today’s posting was intended to be buried in yesterday’s article. After some reflection, I felt it was too important for that and deserved its own “showcase”. Hence a short but very, very important piece.
It may be by a very narrow margin which I am not sure they can sustain for the entire 118th Congress, but currently the Republicans control one chamber of Congress and that is enough to gum up the works if they stick together. To date, and admittedly it’s early, they have shown signs of doing so except in “inside the family” disputes. The one big thing they are united on is making Joe Biden and the Democrats look bad at any cost.
The First Flames
The number one mission of the 118th Republican House Caucus is to make Joe Biden and the Democrats look bad. They really don’t care about what they will perceive as collateral damage. That includes the American and global economies. Harsh assessment? Yes. Brutally accurate? You bet!
Kash And Carry
Last week was like many recent weeks in that there were plenty of huge political stories. Today I’d like to touch on two of them.
Last week we got the strongest indication to date that the Justice Department is contemplating criminal charges against Donald Trump.