How prior presidencies dealt with their respective economies

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I really liked how you started the discussion with demonstrating how prior presidencies dealt with their respective economies. I found it interesting that in early 2020, I remember hearing that Trump was intentionally keeping rates low even when it was suggested they get higher because he wanted to stay popular before the election. His plans would be thwarted by the pandemic in a couple of months. "Calling for low interest rates would make him popular, and he understood low interest rate policies by the Fed would provide more stimulus," says George Selgin, senior fellow and director of the Center for Monetary and Financial Alternatives at the Cato Institute. "This is a very old hat. It's almost always the case that presidents would rather interest rates be kept lower than the Fed would want them" (Foster, 2020).

Reference no: EM133573986

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