Yield curve is the flattest in the last 11 years. Interest rate is becoming really important now. Housing slowdown is mainly caused by interest rate rise.
“ Speaking at a fundraiser in the Hamptons on Friday, Trump said he thought Fed Chairman Jerome Powell would favor cheaper money and not have such a heavy hand when it comes to interest rate hikes, according to Bloomberg, which cited three sources who attended the event.”
Well he dug his own grave. He should have kept the previous chair then who was more of a dove. But he wanted to break tradition and cut short Janet Yellen with one term (never happened before) because she was an Obama appointee and chose Powell who ran on the platform of hiking rates. So now he doesn’t like what’s happening. I am starting to believe he really has cognitive issues
As far as I remember Fed under Janet Yellen also had signaled that they will raise rates going forward. From that perspective nothing has changed Yellen vs Powell.
Again if I remember correctly, Powell is the 1st person without an Economics degree to head Fed? All these decisions coming from the “most intelligent brain” of Trump (I think Trump also knows that’s a lie of the highest order even by Trump lieometer scale).
Is the number of years just a number? Is there a significance for the number of years? Is there something called continuity of Economic policies? Are 4 years Fed policies considered short term? Is 8 years considered long term/normal term and optimal period for continuity of economic policies and no sudden change?
I’m just using your technique now… the only difference is I’m actually making comments using Questions.
So bottomline I don’t need to make corrections, I hope my questions helped you understand better.