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Message: <blockquote data-quote="Up In Smoke" data-source="post: 5349916" data-attributes="member: 79702"><p>Powell and the other Fed Presidents tried raising interest rates in 2018 as they saw the money supply swell from tax breaks.  These increases were greeted with displeasure from the White House as the thought would be a slowing of the economy and affect on the stock market.  The Fed reversed course some 6 months later because the economy couldn't yet handle increase in rates and reduction of it's bond buying.  Hind sight being closer to 20/20, the Fed's decision to turn tail and run has made this current situation much worse.  Add in all the money added in 2020-2021 and here we are inflicting maximum pain.</p></blockquote><p></p>