Financial Times (September 10)
“Central bankers on both shores of the Atlantic are under pressure from many sides — political circles, financial markets, public opinion — to cut interest rates.” But the European Central Bank (ECB) faces distinctly different circumstances than the Fed or BoE. The ECB has already cut rates to 3.75 per cent, which “is already a solid 1.5 percentage points below” the Fed’s rate and inflation is less controlled. “The ECB has no room to cut rates.” It should “maintain a moderately restrictive stance on monetary policy to make further progress on inflation.”
Tags: 3.75%, BOE, Central bankers, ECB, Fed, Financial markets, Inflation, Interest rates, Monetary policy, Political, Pressure, Public opinion, Restrictive
The New Yorker (January 23)
For the 53 Republican senators, “membership in Trump’s party” is an “all-embracing and restrictive proposition.” Unlike royal membership, Trump’s team “tars reputations rather than enhances them.” Trump “never admits anything, demands total loyalty, and strikes out at anyone that transgresses these rules. As with the Windsors, you can’t be a half-in Trump Republican.”
Tags: Demands, Loyalty, Membership, Party, Republican, Reputations, Restrictive, Royal, Senators, Tars, Trump
