"The president appeared to erroneously conflate the federal funds rate, which the Fed raises or lowers to manage inflation and employment across the entire economy, with the interest rate an individual borrower actually pays based on that borrower's own credit history — the kind of rate a bank quotes a homebuyer or a credit-card company quotes a customer, not something the government sets by decree because the country's credit is good."
Framing: assertive ·
First seen: 2026-09-17 ·
Last seen: 2026-09-17 ·
Spread: 1 articles
The Aporia