Trump Spent Two Years Trying to Get Rate Cuts - The…
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Trump Spent Two Years Trying to Get Rate Cuts - The Attempt Is Why He Cannot Have Them
**Goodhart's Law:** *when a measure becomes a target, it ceases to be a good measure.*
The Fed's rate projections were a measure of where policy was heading. The moment Trump made them a political target, they stopped reflecting reality and started reflecting intention. The market priced the intention. Reality reasserted itself.
#cryptocurrency
**Goodhart's Law:** *when a measure becomes a target, it ceases to be a good measure.*
The Fed's rate projections were a measure of where policy was heading. The moment Trump made them a political target, they stopped reflecting reality and started reflecting intention. The market priced the intention. Reality reasserted itself.
#cryptocurrency
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