Lol, so this “yielding” is known only by you and select top insiders. Gotcha.
There’s been no yielding to Trump by the Fed. Everything they’ve done for years was driven by data and their views on the economy, in light of their dual mandate on employment and inflation. If they’ve yielded to Trump, they have a strange way of doing it, by saying they will raise rates when he doesn’t want them to. Everything they’ve done has been the opposite of what he’s wanted.
As for whether or not they should raise rates, there are arguments in both directions. Personally, I didn’t have a problem with the Fed raising rates over the last few years, starting during the Obama era. And I don’t have a problem with them slowing down their hawkishness, as there is a danger of them tipping us back into recession. But I don’t see them bending just because Trump wants them to.
You see, it’s a brilliant plan by Trump.
- Accuse Powell of raising rates too fast.
- Powell refuses. Trump raises fist at him.
- Trade war. Markets get shaky.
- Threaten to fire Powell. Markets collapse.
- Powell bends on rates because economy now shaky - caused by Trump.
Brilliant!
OK, this officially just became a conspiracy theory.
There are folks who would claim that Trump has won if I brush my teeth before going to bed, even if I always have.
It’s like almost the opposite of what Trump does, in that if they worked for government before Trump was inaugurated. Like, Mattis? Obama guy. Mike Flynn? Obama guy. Some dude who has been punching his time card for 20 years in the Bureau of Inanity? Obama guy. Adlai Stevenson? Obama guy. Alexander Hamilton? Obama guy from Purrrrrto Rico.
No offense, but any analysis of the Fed without mentioning the Put is naive. Yelled capitulated to the markets. It had nothing to do with “data” short of what the day to day returns were saying at the time.
The Put is not a conspiracy theory. All market watchers are aware of this Fed policy.
Who is saying Trump won? I explicitly stated that the next downturn will be blamed on his tariffs. Not winning. Losing bigly.
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But he doesn’t have to yield when there enough of his supporters in place.