If the Fed pursues really stupid policies all the way through to December 2024, one of two things will happen —
1) The policies will make things look good and help the Democrats win in 2024. After that, things may totally crash. But the Democrats don’t care about that. They are still fundamentally transforming the country.
2) The policies might help spook people and Trump might win in 2024. After that, things may totally crash. Which will allow the Democrats and the Media to say that Trump is in charge of the worst economy since the Great Depression. They will impeach him for these crimes against humanity.
So ... they really can’t lose either way.
i still remember when Powell bragged that Trump couldn’t fire him.