In 2000, Time magazine warned of a coming Boomerdämmerung. The Baby Boomers, it argued, had failed to build enduring wealth, were unprepared for the digital transition, and carried a narcissistic entitlement that made them reluctant to relinquish power. "And your neighbors' children," the magazine warned, "simultaneously burdened with the cost of your aging and victimized by the one thing you'll hold onto-your political power-will boil with resentment."
Trump has expressed deep frustration that Powell has not yet cut interest rates. The Fed chair has taken a wait-and-see approach to monetary policy, citing uncertainty around the tariffs put in play by the Trump administration.