Walsh will not last long

Trump can appoint whoever he thinks will carry out his dictate, but the reality just cannot be bent towards fulfilling an imaginary target. If Jerome Powell could do it, he would have done so without Trump putting him under all the pressure over the years and eventual removal.

I think Jerome Powell must have felt vindicated over his refusal to cut interest rates, and his removal must be a blessing in disguise, leaving the problem to Walsh. I think Walsh will not even last working under the pressure exerted by the childish President that do not understand the problem and refused to see the reality.

Raising interest rate is going to cause inflation to spike further, increase housing mortgage cost, increase borrowing cost for business maintenance and expansion, reduce consumer spending and tighten the job market further with business closures. Increasing interest rate is an invitation to a problem that feeds on itself.

But, as always, they can continue to boost job creation with fictitious claims before November, then revise the fabricated figures downwards later by hundreds of thousands. It has already been done before, so expect more of the same.


Anonymous