The Fed would surely deny it but it does seem like they’re abandoning the 2% inflation target. Trump’s proposed policies are inflationary and if they don’t have the stomach to raise rates now they’re not going to have the stomach a year or two from now with Trump breathing down their necks.
The Fed would surely deny it but it does seem like they’re abandoning the 2% inflation target. Trump’s proposed policies are inflationary and if they don’t have the stomach to raise rates now they’re not going to have the stomach a year or two from now with Trump breathing down their necks.