Some rote hawkishness. But she’s hearing Leftist critics who say a hike is “a terrible idea.”
...the Trump haters say we must throw Mr. Trump over the bus in order to save the Senate and House majorities.This is a foolhardy strategy because one can’t win without the other. As economist Donald Luskin puts it in his historical analysis of presidential races and Senate gains: “It is clear from history that the House and the Senate always move in the same party direction as the White House, and with the same magnitude. That means the presidential candidate is like a boat that congressional candidates are riding on. It’s really stupid to torpedo that boat."
The Fed has pretty much achieved its dual mandate. So why all the existential angst?
Says Don Luskin, chief investment officer at TrendMacro: “Trump’s plan has been up on his website for many months. There is nothing new about it at all. Everyone is acting as though he ‘finally’ laid out his ‘plan’ for ‘the economy.’ It’s been there in plain sight all along. It got a few tweaks yesterday, but there is no news here at all.”