Economy

His Orangeness was, as you know, faced a tough re-election battle - even before Covid - and was convinced lower rates would guarantee his re-election.

At the time, I remember it being something of a scandal - since this country prides itself in the independence of its Federal Reserve (of course, that depends on who you ask).

Indeed - one of the things we chide other countries' central banks for, is their policy subordination to whoever happens to be president at the time.

Leave to Cheeto to import 3rd world central banking practices to the U.S. - like so many other things!

But enough of that. Happy New Year, Progree!

Your expertise and insights are always rewarding to read.

All the Best!