To no one’s surprise, the Federal Reserve left the Federal Funds target rate unchanged at 25 basis points, exactly where it has been since December 16, 2008. The amazing length of time the Fed has left rates so low poses the question – Does the Fed have a bias for one party? And, what does that mean? Federal Funds Rate by U.S. President Here’s a look at the target Federal Funds rate by U.S. president. The horizontal axis is the number of days the president has been in office. The vertical axis is the smoothed Federal Funds rate. Each colored…
The Fed Has a Bias for Democrats – Republicans Ought to Just Get Over It
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.