NOPE, NOT A CHANCE...
The Fed has been screwed since Bernanke, into Yellen, etc...
YOU CANNOT FIX THE GLOBAL DEBT ISSUE THROUGH RATES.
YOU CANNOT JUST MIRACULOUSLY CREATE GREAT DEMAND through dropping of rates to inspire more debt loading.
THESE ARE BASIC ECON FACTS.
WE SHOULD be in a trade war with China and the Far East, for many reasons.
We haven't been able to find a balanced budget for 20 years... living on borrowing from the future, constantly.
Blaming Trump and ignoring the true environment is fooling yourself.
WHAT EXACTLY is a "normalized rate" and a "proper balance sheet" for the Fed?? The global econ has been a shell for at least 5 years, through QE and rates...
The Fed started to raise rates and unloading their balance sheet and it escalated the problem -
You cannot "FIX" the issue, the cancer, with a bandaid and a dose of cough syrup.