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Trump says there is “no inflation” – it’s sad because I know a few guys who believe inflation isn’t real. They can talk your ear off about elementary level economics. They’re about two chapters from flat earthers.
This whole fight is based on Trump’s ignorance. The fed controls the inter-bank loan rate. That keeps the money supply in check. It does not set the 10 year Federal bond rate. The market sets that rate. Anything Trump does to destabilize the economy, and especially if he messes with the independence of the Federal Reserve, will cause the bond markets to react negatively and the ten year Federal Bond rate will go up and along with that mortgages and Federal debt payments. It must be wonderful to be so ignorant.