1. He has no negotiating leverage. The Fed isn’t going to set a meeting with Bessent to hammer out their differences. Rates aren’t set based on negotiations.
2. The threat of destroying supply chains is nonsensical. The Fed won’t react to it. If indeed he defies common sense and makes us spiral into recession, then he might just get his wish of lowered rates.
3. Canada doesn’t discount his power or rage. He’s expressed them repeatedly for over a year. Barring Canadian aluminum and lumber destroys American industries. Halting trade would shut down our auto industry overnight. That’s over a million US manufacturing jobs. And beyond all that, Canada has no influence on the Fed. Scaring Canada won’t lead to easing rates.
4. For reasons stated above (see #4,) it would have the opposite effect.
5. So who’s he trying to influence? The USSC or the Fed?
How do you know what influences the Fed?