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Under President Trump, the pressure on the American central bank, the Fed, to follow orders from the White House has increased tremendously. For American inflation and worldwide financial stability it is of crucial importance that the next Fed chairman, to be appointed by May 2026, stands firm on the institution’s independence. American President Donald Trump
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The new peace plan for Ukraine is not a plan, and it is certainly not meant to bring peace. The Trump Administration has done nothing less than rephrased and refined Putin’s Diktat on Ukraine and Europe at large. The European Union is once more sidelined, and we have only ourselves to blame for that. Europe
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The group of advanced countries enjoys smooth but low growth, with the United States being the exception (also smooth but substantially higher growth than the rest). But were the policies that produced this outcome as benign as often thought? Only the future can tell but worrying signs are mounting. The financial press these days is
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Johan Van Overtveldt 