The writer is vice-chair of Evercore ISI and a former member of the management committee of the New York Fed
Investors are grappling with what a second Trump presidency would mean for the US economy, the Federal Reserve and interest rates, even as they also weigh the possibility that vice-president Kamala Harris might turn the tables.
There are two aspects to the debate — potential pressure from Trump on the Fed and the impact of Trump policy shocks on the economy and rates. The more extreme scenarios are ones in which political pressure prevents a timely response to the shocks.
您已阅读12%（584字），剩余88%（4102字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。