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.
“...but he might set it up so that the trigger will wait until it can be blamed on others.”
I’ve often wondered if that’s why the GOP lost the last two Presidential elections on purpose (yes, intentionally).
Maybe the word was out that if a Republican won the Fed would be instructed to let the market determine both long and short term rates (no more money printing). All hell would immediately break loose.