“I think Trump is really holding a grudge, and rightly so” famous Antoni, “I’m undecided that there’s something Trump can do to work with this establishment [the Fed]. I believe what he actually must do is clear home.
As foundation for this suggestion, he argues that the Fed has been political in dropping rates of interest through the Biden-Harris administration, whereas doubtless holding charges below Trump 2.0. In fact, Dr. Antoni doesn’t make a lot reference to the Taylor rule — which will be excused as his dissertation was in public finance — however the rule means that the present price is suitable.
Supply: Atlanta Fed.
I have to say the inconsistency I see is that, as Dr. Antoni has been arguing that the US has been in recession since July or August, and such cases it could’ve made excellent sense to scale back rate of interest. (I don’t know what Dr. Antoni has been arguing is the state of the financial system for the reason that election.)
