Economy

The US economy

 

“In the current political environment the Fed is the only actor with a role. Even if there
wasn’t a presidential election looming, Congress would still be deadlocked and
neither Democratic nor Republican plans stand a chance of being turned into
reality. The Fed could print more money (or the modern equivalent) but that
would be hugely politically controversial. The bottom line is it’s not doing
much, but it’s the only one doing anything to prop up a faltering recovery.”

Analysis Mark Mardell North America editor, BBC News

 

It appears that the US Congress would rather fight each
other than look after the welfare of the people.