Did Fed Chair Jerome Powell Throw President Donald Trump Under the Bus Concerning Inflation for a Second Straight FOMC Meeting?

Did Fed Chair Jerome Powell Throw President Donald Trump Under the Bus Concerning Inflation for a Second Straight FOMC Meeting?

Key PointsThe prospect of lower interest rates has been a foundational catalyst for a historically expensive stock market.Fed Chair Jerome Powell has homed in on goods-sector inflation (spurred by tariffs) in each of the last two Federal Open Market Committee (FOMC) meetings.A comprehensive analysis by four New York Fed economists of how Trump's China tariffs (2018-2019) impacted stocks and the U.S. economy paints a worrisome picture.10 stocks w…