Trump said today he is going to demand immediate rate cuts.
Projections for next week's meeting are that rates will remain where they are as inflation is in the top half of the target range, unemployment barely charged last jobs report and Q1 is usually a bad time for a cut due to seasonal charges in employment.
I suspect Trump is going to try and fire Powell when rates don't change next week. He will fall but it's going to upset markets for the ~months it takes courts to reverse him.
If somehow courts don't stop him it takes about a quarter for consumer prices to start to respond to monetary policy doing the wrong thing so strong buy continues in to Q2/Q3.
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https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm:
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