Fed sticking it’s Never Trump noses in Presidential politics.
As one of the earliest Trump supporter on this or any other forum, FED is not sticking it to Trump. FED is doing what is best for the economy in the LONG run.
Europe has zero rates, some Europe countries have NEGATIVE rates. And yet Europe economy is stuck in mud. And Europe has no arrows left in their quiver to stimulate by lowering rates! Our FED has finally being lead by a wiser man than Janet Yellen & Helicopter Bernanke. He is trying to bring interest rates closer to real inflation rate. That also gives the FED some power to stimulate economy when next recession hits. It will have some room to lower the rates to stimulate.