Trump had good “economic stats” as a result of bullying low interest rate high deficits with tax cuts for the rich, while keeping QE. There was little investment in economy other than a housing boom driven by those low interest rates.

Trump, this year, threatened to fire Powell if “he did not cause a recession” for electoral manipulation. Powell, essentially obeyed by waiting until “last minute” to lower rates.

With all of Trump’s electoral lies, it is quite amazing that he is surrounding himself with anti-empire/war activists, who seem serious on ending the war on Russia. That is by far the biggest mistake in US empire history, and the self-destruction that also funded oil and weapons oligarchs to support GOP opponents, and complain about inflation and high rates as a result of the demonism.

Low rates is good for US economy, even though it is unlikely to reindustrialize. Renewables gain much more of an advantage over FFs with low rates. Housing is a lot of jobs, assuming population is not kicked out of the country.