No. of Recommendations: 3
the Fed's dual mandate is never aggressively pro-active.
but in the case of self-inflicted economic policy mistakes, there is not much to do other than to let it play out.
its obvious any Fed action taken (not taken) at trump's direction, they are already on his endless menu for scapegoat stew.
its laughable to imagine tariffs are the only team trump error, much less the most consequential, but here is an updated summary :
"...While US vs. Everyone made for a dramatic opening sequence, the administration must now act out the Sisyphean script. After tossing the
bird to every country in the world, can they sit across the table with these same folks and negotiate a hundred bilateral trade deals in just three months? Today is April 18th; Nine of the 90 days have elapsed with not one deal approaching completion.
...If the plan was to encircle China, why alienate everyone else first? The shoot-first paradigm has created a situation where it’s not even clear that US negotiators have a specific objective, let alone a means to achieve it."
substack, 'last bear standing'
