Dissonance between President Trump and FRB
I read this news.
Trump readies order for steep tariffs on goods from Mexico, Canada, China
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.
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