The Fed Has a Bias for Democrats – Republicans Ought to Just Get Over It

To no one's surprise, the Federal Reserve left the Federal Funds target rate unchanged at 25 basis points, exactly where it has been since December 16, 2008.

The amazing length of time the Fed has left rates so low poses the question -

Does the Fed have a bias for one party?  And, what does that mean?

Federal Funds Rate by U.S. President

Here's a look at the target Federal Funds rate by U.S. president.

The horizontal axis is the number of days the president has been in office.

The vertical axis is the smoothed Federal Funds rate.

Each colored line represents a U.S. president.

The chart shows...