Please include political consideration into your analysis. Economics come with politics. That can tell the reasons that Trump takes this vigorous approach.
Inflation > Interest rate higher for longer > Cost of living higher > Poor and young people suffer. This happened to me when Fed rate was 7% 30 years ago !!
Rain I think you missed to mention about the factor of the new energy policies. Under trump’s administration, the states will be shifting from an energy import country to an export country, meaning manufacturing and consumers will be benefited from saved priced in energy costs.
@fatfishfilms4569Ай бұрын
US is already an energy exporter. Oil and gas fracking has actually increased duringn Biden administration because the main driver is oil price.
Interest paid by govt debt higher than defence, as a person, it could go bankrupt; so DOGE cuts 1/4 govt. spend would cause short term recession, inflation may not be coming back that high anymore, depending on the speed of govt spending cut. I guess. XD