Just curious. Does anyone have a reasonable response to the following contention:
Trump claims to have engineered the world's greatest economy, but in fact he has just benefitted from the Fed holding rates artificially low in spite of an ongoing economic expansion. In other words, he's taking credit for something he essentially had no hand in.
His tax cuts, coupled with loosening energy regulations, led to a great deal more buying power for US consumers. Gasoline, heating oil, coal (clean) for electricity generation have the US a net exporter of energy for the first time in decades. Energy costs plummeted, putting more $ in consumer pockets.
That drove the economy to new heights. The US Unemployment rate was at all-time lows prior to the pandemic. Even now, it are already back into the 'marginally acceptable' range at 6.9%.
Trump claims to have engineered the world's greatest economy, but in fact he has just benefitted from the Fed holding rates artificially low in spite of an ongoing economic expansion. In other words, he's taking credit for something he essentially had no hand in.