Trump Chides Fed for Interest Rates Too High Phillip’s Curve is Bad Theory & National Debt Payments Too Large

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This morning by tweet, president Trump makes the case that the Fed unnecessarily raised interest rates to counteract inflation while there was and is no inflation to speak of, that the Fed was irresponsible in doing so, particularly considering the debt interest payments being made on over 20 trillion dollars of national debt, those payments a big portion of the annual federal budget.