Interest rates have gone up under Trump. They were very low under Obama. But the world economy isn't doing well right now I don't think we can afford higher interest rates at his point in time.
There is a fallacy that lower interest rates are needed to boost the economy. That is a democrat view of looking at things because low interest rates allow governments to borrow money to prop up their economies. That printing money boost the economy. Since the mid-90's this view has taken over world economies. China manipulates its currency and interest rates and the rest of world is following suit.
It's all unhealthy.
I ask this all the time "How are Banks making money?" and no one seems to have a good answer. How can banks have CEO's making $25 million/year and act like they are Pharmaceutical Companies or Energy Companies with revenue? What revenue? What are they making, producing, selling or providing? What are their goods and services rendered?
I certainly understand how Banks have the power of the purse strings. I understand where their POWER comes from. I don't understand where their revenue is coming from.
Even as recently as most of Bush's tenure Fed rates were 4-5%. Interest rates on home buying and long term loans was 5-6%. That's not making 8% on the energy sector like Exxon or 12% on revenue in the Pharmaceutical Business, but it's a good return on investment and it's steady, year after year after year. Combined with fees and services, Banks could easily show stockholders decent returns of 8-10% yearly.
How is that possibly now with fed rates of 0-2% and interest rates on home buying 3-4%? It's not. It just can't be without some big conspiracy and shell game going on that everyone in power (Banks, Politicians, Big Businesses) knows about and is looking the other way.
I'm convinced that the great recession wasn't caused by Banks cheating the system but by the fact the fed rate got too low that greed pushed the Banks into bad business practices and everyone looked the other way because every other business had fat cats too.
I honestly don't know how to fix it because if you don't let Banks make a decent interest rate on the money they hold and lend, then they will continue to find sketchy ways to make money other ways, which almost ALWAYS ends up hurting our economy and leads to a recession.