5. Policy Affirmation
The Federal Reserve, like the Supreme Court, pays attention to elections and they got an implied vote from the American people about policy interventionism. And so in some sense it validates the more accommodative stance the Fed Reserve took starting in December.
— Vincent Reinhart, Morgan Stanley's chief U.S. economist, after the election.
Source: New York Times
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio