monetary policy

One move that would rapidly accelerate America’s descent into a financial backwater that no one wants to touch would be the loss of the Federal Reserve’s independence, with the chairman and board of governors stacked with cronies implementing the president’s political objectives on monetary policy rather than following the data.

Ackerman cited “consumer confidence, immigration and trade policy, monetary policy” as some of the reasons for the drop in traffic.

The former member of the Bank of England's interest rate setting Monetary Policy Committee told Radio 4's Today Programme the effect of Trump's trade wars will also be felt in exports and investment in the UK.

Crucially, the RBI shifted its monetary policy stance to "accommodative" from "neutral", which means that the central bank would be more open to cutting rates in the future to stimulate a slowing economy.

Swati Dhingra, an economist and member of the Bank of England's monetary policy committee, which sets interest rates, has suggested that firms which normally send their goods to the US may instead send them to countries which don't have such steep tariffs, like the UK, potentially leading to a flood of cheaper goods.