Before the guard rails are weakened in January 2025, leading free market leaders are calling for the removal of FED Chair Jerome Powell. The Federal Reserve, by manipulating interest rates, serves like a restrictor plate on a NASCAR vehicle, slow downing the vehicle's top speed. And for the US economy to boom, especially with proposed tariffs, reducing interest rates is essential to make America Great Again.
No one can predict how long an economy can continue with so little oversight (other than proposed tariffs) and so much money moving through the system to be borrowed. With bitcoin replacing dollars as units of exchange, that wave could add even more unpredictability. How this strategy will affect US higher education in the 2020s is anyone's guess, but the trends of the rich getting richer, and of working-class life becoming more precarious, seems relatively entrenched.
