Raising interest three times in 2018.
A fourth hike in rates is expected yet this year.
President Trump is right (again). Multiple rate hikes over a short period of time will slow the economy. It will also increase the national debt, which is already a dangerously high $22 TRILLION.
The Trump administration gave millions of Americans real cash in their pockets with tax reductions. The Federal Reserve has taken it back, and added more just for good measure. My wife and I personally benefited from the tax reductions, saving several thousand dollars. Unfortunately, the Federal Reserve actions have cost us (so far) about four times as much as the tax savings. Millions of Americans find themselves in the same position. That isn’t helpful for economic growth.
The Federal Reserve swings a big hammer. So does the President. Trump saying the Fed has “gone crazy” is only the beginning. This President is pro-active. Be sure that he will take action to preserve the successes the Fed would steal with multiple rate hikes. It isn’t over until it’s over… and it certainly isn’t over. You might say, it isn’t over until Trump says it’s over.
President Trump has called the Federal Reserve his “biggest threat”. True (again). The cost taxpayers experience as a result of the Fed rate hikes is just a shadow of how it affects the National debt. The Federal government isn’t immune or exempt from the increases in interest. It hits HARD and puts huge pressure on the available resources.
Contrary to Leftist talking points, the tax plan DID benefit “average” Americans. Now that the Federal reserve is counter-attacking, the Left is noticeably silent. It is as if Leftists cheer at anything/everything that assails any Trump policy.
The economic truth is that Trump policies have been remarkably successful. Even though the Federal Reserve has chosen to become the adversary of economic growth, I predict that they will not be able to stall the Trump created economic recovery. Trump will double down on the policies that have jump-started the nation’s economic engines. To be sure, the Federal Reserve interest rate hikes have a negative impact.
But… Donald Trump is still the President.
*** Gordon Howie *** is an author and CEO of Life and Liberty Media 
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