The 10-Point: Rising Deficits and War Unravel Trump's Strategy to Lower Interest Rates and Inflation — WSJ Newsletter

Emma Tucker1. FROM MY DESKEarly in President Trump's second term, his economic advisers laid out a simple theory: Show the bond market that Washington was serious about closing its gaping deficits, and long-term interest rates would fall on their own. Trump could leave the Federal Reserve alone.It…