Cutting the interest rates would stimulate the economy and make recession less likely. In fact, the raising of interest rates due to fears of post-covid inflation (which was inevitable since the supply chains were fucked) caused huge pressure on working class real incomes. That’s kind of what got Trump into office in the first place.
He’s gonna try and make Powell own the recession huh?
Cutting the interest rates would stimulate the economy and make recession less likely. In fact, the raising of interest rates due to fears of post-covid inflation (which was inevitable since the supply chains were fucked) caused huge pressure on working class real incomes. That’s kind of what got Trump into office in the first place.