Subject: Re: Trade talks with China set to begin
Not according to Jerome Powell. You don’t keep the cost of capital high if you think there’s an imminent economic crash coming.

The Federal Reserve kept interest rates at the target range of 4.25% to 4.5% at the conclusion of its May meeting. The policy-setting Federal Open Market Committee noted that “the risks of higher unemployment and higher inflation have risen.”

It sounds like you don't disagree with the facts (inflation and gdp), but rather the importance of that data. OTOH, it appears the FOMC is taking them very seriously.
Alan