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The US Federal Reserve in the Age of Trump

A cloud of uncertainty hangs over President-elect Donald Trump, who has still not responded to the Fed's recent rate hike, after lambasting chair Yellen's dovish stance on the economy

If Mr Trump goes ahead with his plans to impose huge tariffs on China and Mexico, the moves could spur a series of global trade wars that would actually put downward pressures on the American economy.


IT became a sort of political ritual in Washington in the last eight years: Members of the policymaking committee of the US Federal Reserve would conclude their monthly meeting with a predictable decision not to raise interest rates, noting that inflationary pressures remained...