130 🔥Trump: Jerome “Too Late” Powell, and his entire Board, should be ashamed of themselves for allowing this to happen to the United States. They have one of the easiest, yet most prestigious, jobs in America, and they have FAILED... We should be paying 1% Interest, or better! (media.greatawakening.win) posted 357 days ago by GDZeus 357 days ago by GDZeus +130 / -0 17 comments download share 17 comments share download save hide report block hide replies
Hey uh. Just throwing it out there.
Does the Fed set the rate to whatever it wants, which would have Jerome Powell at fault,
OR
Does it have to secure a base rate from an issuing body, and tack on a certain amount for OE/other costs/profits?
I’ve always kindof assumed it was the former, but some portion of this process is the issuance of US Treasuries.
Was he not able to sell enough T-bonds at low enough rates?