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 USA would implode 3 days after trade with China ends (and current inventories are depleted). There is so much about American life that makes no fucking sense if there are no widgets to buy.
NB: A lot of US-made product uses some Chinese inputs, so the aforementioned implosion won’t even be of just Chinese-made consumer widgets but also US-made ones.