Fed cut Fed Funds rate today and 10 Year Treasury went down in value and yields went up. If Federal Reserve has to start raising rates to stop inflation from getting worse and God forbid, cut the massive budget deficits by raising taxes and cutting spending, Trump will be in his worst nightmare.
I wonder if Trump's second term will be like the Carter years (1977-1981) with rising inflation. Carter ended up appointing Paul Volcker to be the Fed Chairman and he was great but he jacked up rates so we had a 20% Prime Rate which led to a severe recession.
I wonder if Trump's second term will be like the Carter years (1977-1981) with rising inflation. Carter ended up appointing Paul Volcker to be the Fed Chairman and he was great but he jacked up rates so we had a 20% Prime Rate which led to a severe recession.