MJPLIFE11: I like posters who make blanket statements without any support, so easy to refute. As detailed below, the FED started raising rates in Dec 2015.
Between2008 and 2015, the Fed kept the rate at zero. Recession ended in June 2009.
Fed Chair Janet Yellen (February 2014 - February 2018)
2015: GDP = 2.9%, Unemployment = 6%, Inflation = 0.7% Dec 17 0.5% Growth stabilized so Fed began raising rates.
2016: GDP = 1.6%, Unemployment = 4.6%, Inflation = 2.1% Dec 15 0.75% Fed maintained steady increase in rates.
2017: GDP = 2.2%, Unemployment = 4.1%, Inflation = 2.1% Mar 16 1.0% Fed was steady on its path of normalizing its benchmark rate. Jun 15 1.25% ^ Dec 14 1.5% ^
Fed Chair Jerome Powell (February 2018 - February 2022)
2018: GDP = 2.95, Unemployment = 3.9%, Inflation = 1.9% Mar 22 1.75% Fed projects steady growth. Jun 14 2.0% ^ Sep 27 2.25% ^ Dec 19 2.5% Fed stopped raising rates in 2019.
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