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US Politics

Commentary: Trump is wrecking his own economic agenda

Yahoo Finance
Summary
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76% Informative

President Trump has tried Maximum Tariff , and markets have responded with Maximum Consequences .

If not for Trump , investors would be enjoying a sweet spot in markets and the economy right now.

Trump has three choices: Stick with tariffs, accept higher rates, repeal at least some of the tariffs to get rates down, or try to force rates down.

Some Trump critics think he's preparing to use Powell as a scapegoat for rising rates.

Firing Powell could quickly backfire since markets rely upon a central bank seen as apolitical, even if it does make mistakes.

The third way Trump could get long-term rates down would be simply by causing a recession.

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