ChileG
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And the public not realizing that the Jerome Powell-lead Fed did a really good job (or got really lucky) to get rates down to 2.2 or 2.3 percent without going into a recession. The “soft landing” that economists considered a low probability at the time.Of course the inflation rate or context surrounding inflation didn’t matter. It was perception. And then there was the foolish belief that too many Americans seemed to have that Trump was was competent and would be better for he economy.