Competing views

A conservative friend posted something a day or two ago from FOX about the economy being great. Heard today that the Fed is lowering interest rates because of slowing economy. I have noticed from Trump fans that when there is something that might reflect badly on Trump, they often post a link or meme that claims the opposite situation from what is happening. It appears to me that the Trump machine, including his media supporters, are creating such fake news, knowing that people tend to believe the first thing they hear, even if it is contradicted by later facts.
If the economy were really so great, the Fed wouldn't have to be keeping interest rates so low.

https://www.bbc.com/news/business-50234626

10/30/2019

The Commerce Department data put GDP growth at 1.9% during the three months, ahead of the 1.6% predicted.

Consumer spending held up better than expected, offsetting a fall in business investment and lower public spending.

But the growth was still the slowest for 2019, and comes hours before the Federal Reserve is due to make its latest interest rate announcement.

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https://www.usatoday.com/story/money/2019/10/30/fed-interest-rates-central-bank-cuts-again/2502664001/

Paul Davidson, USA TODAY Published 2:07 p.m. ET Oct. 30, 2019 | Updated 4:51 p.m. ET Oct. 30, 2019

For the third time in three months, the Federal Reserve lowered its key interest rate by a quarter percentage point, to a range of 1.5% to 1.75%, in a bid to head off a possible recession.

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