Market rates will push interest on the debt to over $1 trillion/year. This president will not permit that reality. It would scotch his plans for unlimited government spending.
I don’t think his goal is unlimited spending. I think it is the destruction of the economy. If a rate hike would do that faster, he’d go for it... but he might set it up so that the trigger will wait until it can be blamed on others.
I think you're right. Low rates are great for a someone who borrows recklessly and then spends wildly (in other words, politicians). So the Fed will continue to delay rate hikes for as long as possible.
And if that means ignoring some data and falsifying others, so be it.