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I never understood the order of operations. They needed popularity to do this bill which is their centerpiece legislation. There’s a real risk they become tariff hawks again after it passes and it’s not clear why they care about markets until midterms. In fact it could help them badger Powell for lower rates if markets sell off

2.7. klo 09.02
Is it possible for the administration to say things like this and then to surprise hawkishly on tariffs?
Doing so would be extremely self destructive but that hasn’t been an obstacle before
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