Trump Agrees with Fed’s Pivot to Wait-and-See After the Fed Bows to Trump On Everything Else to Keep Monetary Policy Independent

by Wolf Richter
Wolf Street

We’ll see how long Trump’s side of this mutual understanding lasts.

Trump understands – since he ran on that platform and won in part based on it – that Americans hate, hate, hate inflation, that they’re tired of price increases and tired of high prices, and that this is a serious issue, not something to be brushed off by a President, and that they’re blaming Presidents for it, such as Carter and Biden. And he understands that there is one entity whose explicit job it is to fix this: The Fed. And if the Fed doesn’t fix it, that’s where the blame goes.

Continue Reading at WolfStreet.com…