Trump demanded U.S. interest rates of â1% or lessâ after the Federal Reserveâled by his own hand-picked chairman, Kevin Warshâunanimously raised rates to 3.75%â4.00%. Why did Warsh vote for the opposite of what Trump wants? And what happens when Trump’s economic promises collide with inflation, mortgages and an independent Federal Reserve?
We start with the day’s political absurdity, then examine ten campaign commitments against current data before breaking down Trump’s extraordinary interest-rate post line by line.