In a stinging indictment of the failures of Trump’s economy, all 12 members of the Fed’s Open Market Committee voted to lower interest rates now and throughout the year to try to jump-start the economy. In fact, Trump’s pick from this Tuesday, Stephen Miran, armed with insider White House data, thinks that the economy under Trump is so bad, he voted for a rate cut 2x bigger than any of the other 11 committee members. Michael Popok, armed with his Wall Street knowledge, explains why the Wall Street Journal just declared that Trump’s economy and assault on the Fed’s independence is doomed to failure.
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