The Fed needs to follow President Trump’s advice (his 2015 & 2016 advice anyway) and continue to normalize rates (an increase of at least 150 to 250 basis points).
President Trump in June 2015: “We have a big, fat bubble coming up, you watch. We have artificially induced low interest rates, I borrow money...you pay like nothing; they give you free money. Now that’s bad, that’s not good.” and Pres. Trump in Sept. 2016: “The interest rates are kept down by President Obama; I have no doubt that that’s the reason they are being kept down.” and “I used to hope that the Fed was independent, and the Fed is obviously not independent. It’s obviously not even close to being independent.”.
The economy is running hot along with inflation (I can’t keep up with the local restaurant menu price increases!)...The Fed should continue to act independently as Mr. Trump so correctly put it.
https://www.msnbc.com/morning-joe/watch/donald-trump—the-country-is-doing-terribly-467434563618
I guess you think the feds job is to slow down the economy. Great. F that. Main street - not wall street.