And they delivered it in the middle of last week to a small number of people ushered into the Treasury and what is said to be the finest room in Washington DC, the ornate and marbled Cash Room, which hosted the inaugural reception for post-civil war president, Ulysses Grant. The US itself has been protected, for now, from the profound uncertainties, higher prices and domestic living standards impacts of the tariffs and the 10% fall in the value of the dollar. In the coming weeks he will help choose the new chair of the US Federal Reserve in the mould of 1990s Alan Greenspan, who famously accommodated the run-up of the dotcom boom with low interest rates, considered by some to have contributed to the financial crash.
Published at: 2025-10-19 22:00:03
Still want to read the full version? Full article
