Trumponomics 2.0
The eyes of the world were glued on the United States last week, and for once, the Federal Reserve’s policy meeting was completely overshadowed by other events. In a conclusive victory, Donald Trump and the Republicans now have a mandate to implement their agenda over the next four years. Even so, slightly less than half the country will be very unhappy with the outcome. If the Democrats had squeezed out a win, the other half would be distraught. The deep political and social divisions are not getting any better, which is worrying since the US remains the world’s largest economy and most important military power.