Trump-style QE: Skipping the Fed and directly using government-controlled financial giants (Fannie Mae and Freddie Mac, aka GSEs) for targeted liquidity injections. Trump issued an executive order directing Fannie Mae and Freddie Mac (GSEs) to deploy $200 billion to purchase mortgage-backed securities (MBS), lowering mortgage rates and making home buying cheaper. The Fed’s dilemma: If inflation doesn’t drop, the Fed should maintain high interest rates. Trump’s move: Using executive power to forcibly lower mortgage rates. Consequences: This creates a polarization of loose fiscal policy and tight monetary policy through administrative measures. Mortgage rates drop, stimulating home-buying demand, which could ironically push home prices higher (since supply isn’t keeping up). However, this could eventually evolve into structural inflation, forcing the Fed to maintain high interest rates in other areas.