I believe in the concept of the Federal Reserve being independent. I don’t like the idea of Trump (or any president) trying to control it. At this particular time, I don’t think we need many, if any, interest rate reductions. A six to seven percent mortgage rate is a historical norm. You might consider that the last time the Fed lowered short term interest rates 10 year rates- generally what mortgage rates are based on- went up. To offer you a little perspective (my favorite word on this web site) I present an article by Geohring & Rozencwajg. These guys are natural resource investors and I find their research (I can only see the free stuff) very useful.
Today, I want to suggest their free article (you may have to register with them- not sure). “The Next Inflationary Surge is About to Begin.” Inflation has a lot to do with the prices of energy and other commodities. I recommend the whole article, but the first ten or so paragraphs discuss the relationship that a couple of Fed Chairs had with their respective presidents. You will definitely remember that “History may not repeat itself, but it does rhyme.”
Once read, it may be you’ll feel a little calmer and have a better perspective (There’s that word again) on what’s going on. Certainly you will read what’s in the mainstream media with a large lump of salt. Should you decide to finish the article, you’ll have a better idea why there may be more inflation and can think about the impact on your business.