The Fed will lower rates.

Reagonomics was never based on real economic logic, just wishful thinking by the executive classes.

Many years after supply side was considered a valid fiscal policy, he admitted he had no data or analysis to back up his counterintuitive ideas.
He just wanted it to work.
It didn't.
Unfortunately, it met the political goals of the Ronnie administration, and then the sanctimonious jerks at Univ of Chicago cheated their way to Nobels & other sources of credibility.

Good post.

My guess is that he's going to sell tariff exceptions. Some countries might be willing to pay him a high price to keep their economies moving. I don't know anything about tariff law.

But if Trump's economy slows drastically enough causing inflation to drop there can be more than a couple rate decreases over next year