Federal Reserve Chair isn’t bowing to Trump’s demand for rate cut. It shows the importance of central banks acting independently. By focusing on long-term stability and waiting for a clearer picture, he upholds the sanctity of regulations. It’s a model for regulatory bodies in India to ensure sustainable economic growth.
Organisational changes won’t help CPI(M) become relevant again
Organisational changes in CPI(M), with MA Baby as its general secretary and several new faces in Politburo, are cosmetic. Individuals can do little for a party whose core Marxist ideology has become outdated and irrelevant. Comrades will remain lost in the Indian political ocean, with China as their north star.
How can the Fed possibly cut rates when inflation is edging towards 4%. And if growth is falling, with the likelihood of a recession now sharply higher, that is not something which lower rates can redress when the entire global economy has been upended by President Trump’s tariffs.