The Federal Reserve meets Donald Trump
Plus: The Obama administration fast-tracks banking regs, active managers feel pain in the bottom line, and embracing a little humility
- The Fed, like most folks inside the bubbles of New York and Washington, D.C., did not expect Donald Trump to be our next president. It’s now time to start speculating about how the Fed will adjust to The Donald. Re-reading the Fed’s diverging ‘dots pattern.’
- The Obama administration has gone to warp speed in an effort to lock down the banking rules before Donald Trump takes over. Increasing the odds the certain parts of the regulatory framework will survive.
- The growing momentum of passively managed strategies has hit the bottom line at active shops. Assets rise, but revenue not so much.
- A little humility is good for the soul. In sports, politics and life.
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