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.