Wall Street Journal (June 16)
The Federal Reserve Board’s 75-point increase “was supposed to signal shock and awe, and it was the Fed’s first move of that magnitude since 1994.” Though the Fed is “front-loading its rate increases,” it does not realize the need to “go all that high to beat inflation.” The current forecast calls for a fed-funds interest rate of only 3.4% by year end. “That means increases will taper off through the rest of the year, and the Fed predicts a peak of only 3.8% in 2023.”
Tags: 1994, 2023, 3.8%, 75-point, Awe, Fed, Forecast, Front-loading, Inflation, Interest rate, Peak, Rate increases, Shock, Signal, Taper
Financial Times (February 26)
“Four months after a historic Chinese Communist party congress was expected to answer most questions about Xi Jinping’s second five-year term in office, China’s president has demonstrated that he can still ‘shock and awe’ his political rivals.” The Central Committee’s recommendation to scrap the ten year presidential term limit, almost ensures this protection will be written out of the constitution, further tightening Xi’s powerful grip on China.
Tags: Awe, CCP, China, Constitution, President, Rivals, Shock, Term limit, Xi
Wall Street Journal (January 31)
“Political disruption has its uses but not if it consumes your Presidency in the process.” Donald Trump “seems determined to conduct a shock and awe campaign to fulfill his campaign promises as quickly as possible, while dealing with the consequences later.” Unfortunately, governing effectively “is more complicated than a campaign rally” and the “bonfire over his executive order on refugees shows that government by deliberate disruption can blow up in damaging ways.”
Tags: Awe, Blow up, Consequences, Damaging, Disruption, Executive order, Governing, Government, Presidency, Promises, Rally, Refugees, Shock, Trump