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US interest rates raised for first time in three years

121 points · 126 comments · higginsniggins

  1. eightman · · focus · HN ↗
    So Trump spent weeks on a fake fraud investigation into Powell to try and force him out because he would not cut the rate, fails at that, then finally gets his choice in place and the dude raises rates almost immediately?
    1. davidricodias · · focus · HN ↗
      The rate decision is based on the FOMC votes, not the FED chair. The FOMC decides the policy, the FED implements the policy
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