“Looking at the data we should not be pleased—not with Jerome Powell, and not with Wall Street.”
I still have the sense that Trump might react. He is not going to be happy, and he’s a guy who takes bold actions. Peter, you are most likely right to say that Trump won’t fire Powell; you’ve given good reasons why that would be counterproductive. But Trump doesn’t like being stymied by others’ inactions. So I’m left wondering what Trump will do…
“Looking at the data we should not be pleased—not with Jerome Powell, and not with Wall Street.”
I still have the sense that Trump might react. He is not going to be happy, and he’s a guy who takes bold actions. Peter, you are most likely right to say that Trump won’t fire Powell; you’ve given good reasons why that would be counterproductive. But Trump doesn’t like being stymied by others’ inactions. So I’m left wondering what Trump will do…
If President Trump feels he needs to lower the federal funds rate to achieve the goals of Agenda 47, Trump will find the lever to move Jay Powell .
If President Trump is not that committed to lower interest rates, he'll move on to something that does interest him.