Published by The Gateway Pundit

Written by Jim Hoft

The Federal Reserve under Janet Yellen yesterday announced another Fed Fund rate increase of 0.25%. This is the fourth such increase since Donald Trump was elected President. The Fed increased rates only one time under Obama until last year’s election!

Right after Barack Obama was elected President, on December 16, 2008, the Federal Reserve (The Fed) lowered the Fed Funds rate by an entire percent, from 1% down to 0% . The Fed had not lowered the Fed Funds rate by such a large amount (1% ) since at least before 1990, if ever. The Fed kept this 0% rate for most of Obama’s eight years in office.

CNBC reported in December 2015 that President Obama oversaw “seven years of the most accommodative monetary policy in U.S. history” (from the Fed).

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