LOL … then according to Art degree monetarists they should reduce the rate to figure of speech “counter the headwinds!”.. which is what Trump wants them to do in the first place…
We read the transcripts of the Fed's 2019 meetings so you don't have to, and here's the main takeaway: The headwinds they felt from Trump's tariffs were strong https://t.co/57LOVFGjbn
— Bloomberg Economics (@economics) February 2, 2025
And now Powell is claiming the exact opposite effect. He's just providing cover for PTJ, Drunkenheimer and Guuunnddlaaach bond shorts.
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