Trump wants control of rates, but global savings are drying up

Description

Donald Trump’s number one economic goal has been to see interest rates lower. But the real problem isn’t Jerome Powell. It’s the bigger mess sitting underneath the U.S. economy: too much debt, too many deficits, and a shrinking savings pool caused by demographic changes. According to Bloomberg Economics, the ten-year Treasury rate, the one that affects mortgages and business loans, is more likely to stay above 4.5% than drop below it, no matter who runs the Fed. For over thirty years, borrowing ...