Trump and the Fed: Who Cares?

Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.

I would just like to say that if a quarter of a point in interest rates either way has even the slightest effect on the economy, then we’re in big trouble. L’affaire Fed is much ado about nothing. It will have nothing more than the most marginal impact on the real-world economy.

It’s remarkable that this whole thing is getting the attention it has. In the short-term, the medium-term, and the long-term, the question of whether policy rates right now are at 2 percent or 2.25 percent makes absolutely no difference.

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and billionaire owners wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2021 demands.

payment methods

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and billionaire owners wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2021 demands.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate