President Trump calls for lower global interest rates to support his economic agenda, reminiscent of actions taken after the Great Financial Crisis. This strategy could boost U.S. exports and mitigate recession risks linked to the housing market. The article warns that while residential construction jobs have remained stable, declining completion data indicates underlying challenges. Trump's economic policies depend on favorable conditions, including bond yields and the U.S. dollar's performance, as evidenced by the complex relationship between housing and economic cycles.
This push to get global interest rates lower makes sense for his agenda and is something we last saw in the aftermath of the Great Financial Crisis.
I think this call for lower rates by President Trump is like a high school basketball coach working a referee to eventually get the calls he wants.
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