20 Jan 2018 3:37 pm
Trump himself estimated around 3% for 2018 overall (compared to 2.6% for economists), not 4%, which was only the last 2 quarters.Termin8tor » 19 Jan 2018 10:47 am » wrote:
Not to annoy you with reality, but growth is already accelerating to roughly 4%, and it's highly unlikely that moderate rate hikes will slow that down.
We are in the Trump Boom and will be for years.
Yes, we know you would be far happier if you'd been able to participate in Stalin's genocide.
Rate hikes will indeed clamp down on inflation, which is necessary for a healthy economy and rising wages. This isn't the 90's where the tech economy coiled from its spring despite 3-6% rates.
Why do you think Trump nominated Powell and not Taylor? He knows delaying rate hikes would allow inflation and wage increases to take over (both of which Trump sees as a positive, he isn't an idiot). Powell wants 1.5-2% rates, Taylor wants 4-5% (according to the "Taylor rule").
Reality slaps you in the face again.
