The Fed has become secondary to Trump administration policy in driving market outcomes; tariff announcements and trade policy moves have had greater market impact than recent Fed FOMC decisions because 0.25% rate changes are negligible compared to 10-30% tariff shocks.
causalpending
Speaker
Lobo TijerinaEvidence Quote
“It's Trump shock that's in the driver's seat right now, not the Fed. What's been going on with Trump and the transition is much more impactful to the markets than what the Fed does or doesn't do. [11:29]”
Created: 8/11/2026, 4:53:39 AM
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