Trump and the Fed: Who Cares?

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I would just like to say that if a quarter of a point in interest rates either way has even the slightest effect on the economy, then we’re in big trouble. L’affaire Fed is much ado about nothing. It will have nothing more than the most marginal impact on the real-world economy.

It’s remarkable that this whole thing is getting the attention it has. In the short-term, the medium-term, and the long-term, the question of whether policy rates right now are at 2 percent or 2.25 percent makes absolutely no difference.

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This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

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