Powell has given away the Fed's independence,& Trump
is now free to print as many Trillions as he needs
to get reelected.
The stock market is now at historic all time highs
in terms of PE,& will go even higher before the
election.
Your sane person just gave Trump another 4 more
years!
"The real question is not how far will they go, that is unlimited, but will Trump ever allow them to stop?
Does Trump think he can ram the stock market to DJIA 40,000 despite what fair value might say it is? And will he demand the Fed "print" the mother of all bubbles to get re-elected?
It is now legal, and Trump now has the authority to do exactly this. The Fed has given away its independence to the Administration. The only thing that would stop him is discipline and restraint ... two words not often associated with Trump."