With the Federal Reserve expected “to start reversing the sharp [interest] rate hikes it carried out beginning in March 2022,” economist Paul Krugman predicts in a Monday, January 8 New York Times op-ed that “[Donald] Trumpist attacks on the Fed for cutting interest rates are coming.” “What I don’t know is whether the Fed is ready for the political firestorm it’s about to face, and whether it will stand up to the pressure to keep rates too high for too long. Because it’s a safe prediction that Donald Trump and his supporters will scream that the coming rate cuts are part of a deep-state conspi…
