Detailed text transcripts for TV channel - MSNBC - 20181017:13:21:00
They want to get interest rates higher so if the country goes inevitably into a recession next few years, they've got some weapon to counter it. that's cutting rates. to cut rates you have to have a rate base higher, that's part of what they're doing. the reason they're doing it is donald trump and the tax cut. >> i think the senator is absolutely right. there's another point we should underscore here. the independence of the federal reserve has been sacrosanct political norm under both parties for as long as i can remember, whether the chairman was paul voccer or allen greenspan and so on. th...
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