Unfortunately, I think the next head of the fed is going to be appointed specifically to reduce interest rates, so we’re probably just going to go back to the 0-rate trough.

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pjc50 6 hours ago | parent [-]

Quite likely. This will be great for growth.

.. and terrible for inflation, but that can be blamed on other people.

	▲	disgruntledphd2 4 hours ago \| parent \| next [-]
		I don't see how this can happen, tbh. Like, the chair is just one vote, and the regional Feds have almost a majority. Presumably, whoever gets the job will say they'll reduce interest rates, but I don't see how they can actually accomplish this without getting the rest of the Fed on board.
	▲	NoGravitas 5 hours ago \| parent \| prev [-]
		Yes, it will, as always, be blamed on wages, even when wage growth is slower than inflation.