this post was submitted on 12 Jan 2026
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I mean... the job markets are undeniably bad, it's not an indefensible position that the rate should drop.
Trump has been openly and unabashedly trying to throw this guy out for ages, and he (accurately) talks constantly about how tariffs are a big cause of the current economic problems, he's certainly not Trump's lackey. I expect the rates to crater almost immediately after he's gone, because Trump either doesn't care about or literally doesn't even understand the concept of long term consequences.
The markets are running way too hot with the AI bubble and there's a staggering amount of inflation going on. Cheaper money's gonna add fuel to the fire and we'd have already pulled the one lever meant to help stabilize a falling market when things finally crash. It's gonna hurt so bad when Trump's policies continue to worsen things.