The government needs bold policies in the autumn budget that will change the narrative without startling the markets
Assume that Rip Van Winkle had gone to sleep on the eve of the US election on 4 November 2024 and had woken up on 1 September 2025 and was told that, in the US, developments included:
a) Donald Trump had been talking of firing Jerome Powell, the chair of the Federal Reserve, and asserting that only those who believed that short-term interest rates needed to be a lot lower were qualified to be the next Fed chair. Moreover, he had attempted to take the unprecedented step of firing a board governor.