In my opinion, Stocks and real estate are inflation hedges. As they go up, plenty of people can spend more money, and drive prices higher. Stocks and real estate, should be part of the money supply.
So the Federal Reserve’s Jerome Powell is pissing up a rope. unless or until, he succeeds and crashes the stock and real estate prices. Who knows, maybe thats what they are hoping for? But if he drops the rates, it will propel those inflation hedge prices even higher.