My Prediction On The Fed & Interest Rates

[gab13by13]

Chairman Powell basically kept interest rates high under the Biden administration, Powell was mainly concerned about inflation.
In July of 2023 Powell set interest rates to a 2 decade high and kept them there for more than a year.

Many praise Powell for his actions, I give President Biden a lot of credit for his stimulation of the economy.

Inflation is still not where Powell wants it and with Trump's plans for tariffs and deportations the prospect for inflation skyrocketing becomes a possibility.

My prediction for 2025: If Powell stays on and does not cut interest rates 4 times in 2025, President Musk/Trump will find a way to fire Powell and install a crook who will obey Musk/Trump.