Trump sock puppet Warsh, failed to raise interest rates last meeting despite giving a press conference that made every justification to have raised rates. 3 dissenters (4 is record dissents in Fed history) voted to raise rates. With oil and diesel at record highs, and markets anticipating a rate hike… the only rational options are a hike, or the same BS hold while pretending to be serious about inflation.
Ceasing trade with all allies is one way to stop datacenters, though. But it’s also the last thread that keeps the US relevant to rest of world, and cause of putting up with Trump/US.
The USD lost over 10% against the Swiss Franc within 3 months after Trump took office.
Which is why the record stock market gains he boasts about are pretty insignificant for European investors who don‘t use USD outside of investments.
Stocks skyrocketing are a symptom of inflation.