/biz/ - Business & Finance

>>51421673
Yes, and that was when Powell hiked rates in 2018. Then Trump started saying he should lower them, and said he would replace him, then Powell caved and promptly lowered rates

>>51421686
His administration saw that economists were expecting inflation to come in lower again, took that at full face value and scheduled an event to celebrate how the Inflation Reduction Act was working, then the actual print came in this morning much higher than expected and they didn't know what to do so they just went with it. This is what happens when the entire admin is full of retarded 20-something year old liberal arts majors whose parents donated to the campaign and not a single real economist advising the president offers a dissenting opinion.