The Fed’s actions to increase interest rates have stalled the stock market and are costing US tax payers trillions in current and future debt payments. The Fed provided former President Obama the most generous interest rate package ever. Rates under Obama remained at 0% most of his seven years in office. In late 2015, the Fed raised rates 0.25% but this was for only one year and the only time the rates were raised up to the 2016 election.
After President Trump won the election in 2016, the Fed started a steady program of raising interest rates. Rates were increased seven times by the Fed since the 2016 election to their current 2%.
It’s cost me in my retirement accounts about 8K so far. Got back about $20.00 in cash holding. Remember the Democrats deliberately crashed the US economy in 2008 to elect Obama. Now they are trying to sabotage the strong Trump economy for political points.