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Market Discipline Will Prevail in the US

It is worth remembering that Trump’s early attacks on the Fed’s independence already backfired. US stocks sank, bond yields spiked, and Trump stopped threatening to fire Fed Chair Jerome Powell. COMMENT | NOURIEL ROUBINI | Since US President Donald Trump’s election last year, I have argued that at least some of his policies will lead to higher growth and lower inflation over time. This applies to his support for tech-industry innovation, deregul…

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Market Discipline Will Prevail in the United States

Market discipline (especially on the part of bond watchers) and an independent Federal Reserve still limit stagnant policies, giving advantage to Trump's moderate economic advisors and producing a descaling of commercial frictions. Read

7 months ago

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