Trump says it was a mistake to appoint Jerome Powell as Fed chairman. He also says Jerome is a terrible Fed chair and a political hack. Why? Cause he’s not caving to Trump’s wish of cutting rates?
Why should the Fed lower rates in the first place? The economy is thriving, stocks are at all time highs, crypto is at all time highs, gold is at all time highs, and inflation is under control.
Everything looks fine to me. Why should the Fed lower rates?