I think going to your lead in, I think there is not going to be a timetable on hiking, on cutting because there isn't consensus on the committee. I don't think so. And then finally, under Trump and I don't think under Biden, but we'll see, there is threats to the Federal Reserve's independence. And as I argued in a piece in the Financial Times this weekend, you know, we know central bank independence really does matter. And I don't think that's going to go well for Europe, because you it's not great for the U.S.

Source: International New York Times June 10, 2024 02:28 UTC