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Home Banking Desai and Marsh on Prime Minister Boris Johnson, Fed ‘overlooking’ US consumers, and more

Desai and Marsh on Prime Minister Boris Johnson, Fed ‘overlooking’ US consumers, and more

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Boris Johnson

Desai and Marsh on Prime Minister Boris Johnson, Fed ‘overlooking’ US consumers, and more

THE WEEKEND REVIEW

Latest opinion and analysis from OMFIF around the world

22-26 July 2019, Vol.10 Ed.30

Most-Read Commentary

Johnson’s grim political arithmetic: The British prime minister has changed, but the grim political arithmetic remains the same, write Meghnad Desai and David Marsh. Boris Johnson entered 10 Downing Street on Wednesday at the helm of a weak, uncertain government facing very similar constraints to those that dogged Theresa May.
Commentary

Von der Leyen begins in frail position: German Defence Minister Ursula von der Leyen was approved to become the next president of the European Commission by a wafer-thin majority. The way she was selected by the Council and a frustrated European Parliament has weakened her even before she begins her tenure, writes Joergen Oerstroem Moeller. Read more.

Commentary

Fed ‘overlooking’ US consumers:
The Federal Reserve pays insufficient attention to the transmission of its monetary policy to end users, and in particular to consumer-borrowers. More than ever, its explicit focus is rebuffing recession – even if all its policies achieve is to keep debt cheap for a while longer, writes Thomas Costerg. Read more.

Commentary

Shelton far outside the mainstream:
In a recent Washington Post article, Judy Shelton – one of President Trump’s nominees for the Federal Reserve board – called for a globally ‘level monetary playing field’ and a ‘dependable dollar’. The terms go undefined, but her views are clearly far outside the mainstream, writes Mark Sobel. Read more.

Meeting

Navigating the challenges of climate change, politics and low interest rates: On 28 August in Frankfurt, OMFIF and DZ BANK organise a high-level conference to discuss key challenges for capital markets, the future of regulation and the impact on the financial sector of climate change, trade wars and digitalisation. Read more.

 

 

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