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The Politics of the Stock Market in the United States
Yer, i want to try to ask about the sort of political response that a weak stock market then elicits in the united states. Does the government have ways of goosing the stock market then when it's soft like this? And does it then make use of them generally? Well, if you listened to a president like donald trump, you really might think so. In terms short run impact on of government policy on the market, the thing that matters above all else is the fed. It's the central bank, the unelected am if you like, of government. But strikingly, there's been an underlying sense that even the fed cares about the market.