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.
He also double downed on tweet in press conference. “Eliminating trade with allies stops them from stealing from us with trade surpluses” as a good idea regarless of interest rates. The significant auto sector factories by Asian/German brands does require some imports from those countries to employ American manufacturing/assembly sector. US brands need Canadian imports. US needs resources and oil product imports.
In his rant against all the enemy thieves US trading partners, he threatened everyone except China.