The Federal Reserve has so far resisted Donald Trump’s aggressive pressure campaign to throw inflation concerns out and attempt to boost the U.S. economy with lower interest rates.
That’s expected to continue Wednesday, as the central bank is expected to leave interest rates unchanged. If so, that’s likely to annoy Trump, who is already reshaping the global economy with his tariffs.
The Fed’s rate setting committee began its two-day meeting Tuesday. Market projections and analysts expect it won’t cut its key rate.
I honestly don’t think that Trump is going for the personal angle. I think that he genuinely doesn’t understand basic economics and is willing to bankrupt the country in exactly the same way that places like Venezuela and Liberia have.