It was needed (in his mind)
Posted on: August 5, 2021 at 09:56:00 CT
meatiger MU
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to support his MAGA. His whole focus was on USA GDP growth, and he wanted to make sure he got credit for it. Funny thing is...as he was a candidate, he recognized that low interest rates kept stocks up, but it was bad. As President, once higher rates dampened the market, he got scared and demanded lower rates, which he got...then came along COVID and his only way of doing anything was to pump lots of liquidity in the market both via the Fed and government spending..then adding in new rules to make sure many of his supporters did not get crushed.