And here I was expecting something that would stopper any further skimpy replies from me, me not being an economist and just posting the basics...
Instead I get a cat's tail from someone who thinks that's a stand in for popping a stiffy.
Nevertheless, glad you agree on the length of the recovery, finally halting on account of Corona 2020. The rest you said was bs.
If anything, measures should have been taken (via Fed raising key interest rates) to slow borrowing and thus hiring to keep unemplyment at an ideal 4.3%, which is what was done during Clinton to prevent that economy from overheating. High employment rates means smaller pool to hire from means your dreaded pay raises to snag and keep new hires meaning inflation meaning retraction meaning recession.
Instead Trump had them lowered to near zero and wanted to get them at - good gosh - NEGATIVE rates(!) to keep the economy going as far as possible into 2020 and avert the expected recession. Of course it still would have hit, but by then the election would (he hoped) be over and it wouldn't matter anymore, as it was all about appearance rather than actual and sustained growth.