(Joe Hoft) The FED announced over the weekend that it has scheduled a closed meeting for Monday morning.
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by Joe Hoft, February 13th, 2022
TGP reported on this on Thursday.
The FED has scheduled a meeting for tomorrow morning at 11:30 am.
On Friday morning The Gateway Pundit reported that the Fed was going to increase rates on either Friday or Monday. The rates stayed the same on Friday so tomorrow’s meeting might be scheduled so the Fed can increase rates. Inflation is out of control and the Fed now feels it has to do something.
If the Fed does increase rates, this will be only the second time they did so this century under a Democrat President. The only other time the Fed increased rates under a Democrat since 2000 was in 2016 after keeping rates at 0% under the first 7 years of Obama’s terms in office.
The Fed increased rates massively under both President Bush and President Trump. But of course, the Fed is non-biased.
Tomorrow may be a big day for the markets. We will see…
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About The Author
Joe Hoft is the twin brother of TGP’s founder, Jim Hoft. His posts have been retweeted by President Trump and have made the headlines at the Drudge Report. Joe worked as a corporate executive in Hong Kong and traveled the world for his work, which gives him a unique perspective of US and global current events. He has ten degrees or designations and is the author of three books. His new book: ‘In God We Trust: Not in Lying Liberal Lunatics’ is out now – please take a look and buy a copy..
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