Hail Zorp! The Fed Waited Too Long (Again) To Fight Inflation, Now Banks and Consumers Are Getting Hammered (Mortgage-backed Securities Got Clobbered Once Fed Started Raising Rates)
by confoundedinterest17 Former Fed Chair (and current Treasury Secretary) Janet Yellen protected President Obama by raising The Fed’s target rate only once while Obama was in office. Then raised rates 8 times after Donald Trump was elected in November 2016. …
