POTUS has been reported as saying that hes waiting for midterms to end before taking action. I see at least two more years with no rate cuts; the possibility of fuel rationing also appears to be possible in light of all the refining/logistics facilities being wantonly destroyed. Its going to be a very rough time.
We are here in large part because of POTUS so what would actions after midterms have to be? Stop being himself?
Stop trying to manipulate the economy before the midterms and just let the problem play out.
If he's trying to manipulate the economy in the direction of lowering cost of living, he's doing a terrible job at it. Useless wars and tariffs have been highly inflationary.
IMO he is doing a terrible job, full stop.
And just what action is POTUS going to do to make things better? He's not in charge of interest rates. Start another useless war? Piss off another country? More inflationary tariffs? Give another multi-billion military contract to his family?