The Fed’s America First Policy

  • It is difficult to argue that monetary policy is too tight for the US economy, and financial data back that judgement up.
  • However, the Fed often has a pronounced influence on credit conditions overseas, we doubt these are taken on board by Powell, seemingly pursuing an America First policy.
  • Given the fact that the US isn’t isolated from events elsewhere, one can wonder whether this is wise.

Source: The Fed’s America First Policy | Seeking Alpha