From the start after 2008 I assumed the global powers (fed reserve global gov’t) wanted to restore the US economy for the future benefit of Europe, China, emerging markets etc.
But at this rate, with higher rates, and a strong dollar policy, since June, only Europe, China, emerging markets etc are the ones going to get restored economies.
So it looks like the Federal Reserve is going against Trump and a restored USA or maybe the Fed was just providing a temporary boost for the other countries before they get cut off.