Dissonance between President Trump and FRB I read this news. Trump readies order for steep tariffs on goods from Mexico, Canada, China https://www.reuters.com/business/trump-readies-order-steep-tariffs-goods-mexico-canada-china-2025-02-01/ I felt that there may be dissonance between President Trump and FRB. President Trump might think that FRB would cut interest rates, but FRB didn’t. I thought that President Trump wanted to order tariffs, and FRB would support it. Why does this dissonance happen? I think that there are difference between what President Trump watches and what FRB watches. President Trump may watch the future, but FRB watches past.
Dissonance between President Trump and FRB I read this news. Trump readies order for steep tariffs on goods from Mexico, Canada, China https://www.reuters.com/business/trump-readies-order-steep-tariffs-goods-mexico-canada-china-2025-02-01/ I felt that there may be dissonance between President Trump and FRB. President Trump might think that FRB would cut interest rates, but FRB didn’t. I thought that President Trump wanted to order tariffs, and FRB would support it. Why does this dissonance happen? I think that there are difference between what President Trump watches and what FRB watches. President Trump may watch the future, but FRB watches past.