alt Hacker News> Trump is actively fighting the federal reserve to drop the interest rate to 0
The interest rate was near 0 for years, it did not cause inflation. Fighting for low interest is not same as being pro-inflation.
> Trump is actively fighting the federal reserve to drop the interest rate to 0
The interest rate was near 0 for years, it did not cause inflation. Fighting for low interest is not same as being pro-inflation.
The reason it was 0 for so many years was because the Fed was trying desperately to create inflation during this time. (Which was chronically low for other reasons).
Lowering interest rates to create inflation is literally one of the core tenants of the Federal Reserve:
https://www.clevelandfed.org/center-for-inflation-research/i...