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One thing I agree with Trump on is that the Fed is raising interest rates too fast. The economy finally started recovering after about 24 months of QE under Obama and it has continued to grow under Trump.
There is so much debt that needs to be paid down. If the Fed raises rates that just prolongs the paydown cycle and slows economic growth.
It is better to keep rates low, let the economy boom, and paydown debt as fast as possible.
However, banks don't like this because higher interest rates means more profits for them. They jack up rates on variable rate loans and loan money at out higher rates.
The banks should be the last ones to benefit from the booming economy because they were the ones responsible for nearly causing another great depression.
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