https://www.barrons.com/livecoverage/fed-jerome-powell-senate-house?mod=hp_LEDE_C_3
https://finance.yahoo.com/news/peter-schiff-predicts-worse-financial-033054809.html
"Schiff argued these forecasts dramatically underestimate the severity of coming problems. 'All of the inflation chickens that the Fed has been releasing for more than a decade are coming home to roost,' he said, attributing inflation pressures to years of artificially low rates rather than tariffs.
"The economist predicted stagflation, combining recession with “much higher inflation happening at the same time,” potentially escalating to hyperinflation. He warned of a “global exodus out of U.S. stocks, out of U.S. bonds” as foreign investors retreat from American assets."
Still, Trump wants us back to a lower than low Fed rate. He is naming his people to the Fed board already, and they are now also calling for lowering the Fed rate. Trump has always wanted the lowest of low Fed rate, in his first term, he even argued that inflation does not matter, you can just print all the money you need.
I'm afraid the rate cutters will be carrying the day. The expectations are high now for the first of at least two Fed cuts this year to hit in September.
