You do realize how much the fed has raised interests too right. How much did they raise it under Obama?
Imagine thinking that interest rates of under 2% are too high in a good economy lol
Here is a historic graph to show you how things compare over time(The fed was harsher on us during the early 90s recession than it is now in a good economy)
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
Interest rates were cut to essentially 0 at the end of 2008 largely because that is what was needed to prevent a full on crash. Look up what Warren Buffet did during the crisis as well, we were really close to a full on stock market crash. Quantitative Easing as you can see was an unprecedented move at the time.
Then of course we kept things like that for a good while which has created a bubble in the stock market(saving accounts aren't coming close to outpacing inflation for a lot of people and bonds aren't doing a ton so people gotta put their money where it can at least do some good, stocks are just about the only game in town for people investing their money now). I don't agree with that either and
@Inqui isn't the biggest fan of it either as he has posted on previous pages.
But everytime the fed would talk about raising the interest rates(and even when they did get around to it recently) the stock market would freak out. That nearly 20% dip in stocks at the end of 2018 was in large part due to them freaking out over rate increases. Fed has been a lot more dovish since (largely because the bond market is signaling a downturn on the horizon) and the stock market has rebounded although it goes back and forth based on the latest China stuff. We are in a weird state right now where good economic news is almost a bad thing for stocks as they want the fed to cut rates again as well.
But yeah, I don't agree with them being that low for so long under Obama. That said Quantitative Easing should be seen as a last resort and certainly not something to do when the economy is in pretty solid shape.
