From JAB@21:1/5 to All on Sun Jul 27 07:08:58 2025
Johnson went on TV and supported Donald Trump's demand that the
Federal Reserve cut interest rates. Why should the Fed cut? Because,
said Johnson -- echoing Trump -- "the American economy is hot."
That sound you hear is thousands of economists slamming their heads on
their desks. Interest rate cuts aren't supposed to be a gold star the
teacher gives you when you did well on a quiz. Interest rates are a
tool for managing the economy -- and a hot economy is a reason to
raise rates, not cut them.