one of the biggest drivers of inflation in the united states right now is the tariffs. trump might complain that he wants lower interest rates, but the fed is designed to hike interest rates when inflation comes up. oops. in fact, this is an algorithm for out of control rate hikes because the rate hikes will probably contribute to
creating inflation by increasing borrowing costs, rather than contribute to decreasing it.
it would follow that if trump wants to lower interest rates, he should start by cutting the tariffs.
but he wants his capybara.
right now.