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But wage inflation is on the order of 3.2 to 3.8% reported today
So the FED was thoroughly appropriate in raising interest rates, and should continue to do so over the next 12 months.
Trump is just into everybody's business.
Powell is not my choice, but he's a respected banker and experienced in Econometrics like all the other members of the Fed's policymaking committee.
Trump just tries to run the table on everything, especially over things he knows little about, to suit his own objectives.
"You catch more flies with honey, Donald!"