The Fed's Dilemma: A President's Ego Collides with Economic Reality President Trump has launched a fierce attack on the Federal Reserve, calling its latest interest rate hike "political" and claiming it's a personal attack on his economic legacy.
However, beneath the rhetoric lies a more nuanced issue: the tension between a president's ego and the reality of an economy still adjusting to post crisis norms.
The Fed's inflation targeting framework has been in place for over five years, but its impact is only now becoming clear.