Trump Fears Becoming the Next Herbert Hoover
TL;DR Summary
President Trump has repeatedly said he doesn’t want to be seen as Herbert Hoover, fearing an economic crash that could define his presidency. The piece notes his private worries about rate hikes prompting him to consider firing Fed Chair Powell, his 2024 prediction of a crash under Biden, and the irony that his tariff-driven agenda echoes Hoover’s protectionism while he also leaves office with a net loss of jobs, a point Biden has used to mock him.
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