I don’t believe this will cause the collapse in the economy (short to mid term) that you are expecting, where I am defining “this” as a federal funds rate that is politically driven and lower than what Chair Powell would have otherwise set. On the contrary, I think it will largely benefit the kinds of affluent asset holders that comprise the top say 5% of the country, which probably accounts for most members of congress and the senate. I think those people will look around them and think this is ugly but otherwise fine. The inflation that follows will be painful to the rest of the country and, with any luck, an opposition party will be able to create a political narrative out of some solution to that pain.