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Dissonance between President Trump and FRB

 Dissonance between President Trump and FRB




I read this news.

Trump readies order for steep tariffs on goods from Mexico, Canada, China

https://www.reuters.com/business/trump-readies-order-steep-tariffs-goods-mexico-canada-china-2025-02-01/


I felt that there may be dissonance between President Trump and FRB.

President Trump might think that FRB would cut interest rates, but FRB didn’t.

I thought that President Trump wanted to order tariffs, and FRB would support it.


Why does this dissonance happen?

I think that there are difference between what President Trump watches and what FRB watches.

President Trump may watch the future, but FRB watches past.

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