S&P To Crash 50%? Trump Calls Jerome Powell “Dumbest”
1. Trump blasted Fed Chair Powell as rates remain steady at 4.25%-4.5%. 2. Potential Fed rate cuts could trigger a second wave of inflation. 3. Historical precedent shows the 1970s experience could repeat itself. 4. Tariffs and policies may provoke persistent inflation and higher rates. 5. A significant S&P 500 decline could wipe out over $23 trillion in value.