The Federal Reserve sets rates, do you mean that Nice A Day Without Baseball Is Like Just Kidding I Have No Idea Vintage Shirt? The Fed sets target rates. Many many times they set a target and the rates don’t do what they want. Always ask questions and don’t be afraid of doing so, anyone worth listening to will be happy to give you a detailed and well-sourced answer! It’s how we shape our view of reality and it’s more important than ever now. To answer your question the interest rates change in response to the financial market. So they were changed by these decisions but not directly.
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The fed only has a few ways to boost the Nice A Day Without Baseball Is Like Just Kidding I Have No Idea Vintage Shirts. Trump demanded they be lowered while saying the economy was the strongest ever, and the deficit was at a record high. What we have are the people with all the assets making the rules. So the rules all prop up asset prices. It’s why young people can’t afford to buy homes. Stop propping up assets creates opportunities that are not what someone at the top wants. 2008 proved our economy is not a free market. The taxpayer actually made money from investments made after the crash in 2008 but that won’t always happen.
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