The Fed likes to talk about its «independence,» but really it has little, unless it is willing to make
some politically unpopular moves, and not lower rates much further.
Not exact matches
The
move may improve relations with the U.S. and give Mexico better leverage in NAFTA negotiations, but is likely to be
politically unpopular in a time when oil domestic production is less than its best and the economy is volatile.
If this
move is deemed too
politically unpopular, stimulus funds could be diverted from TARP in order to fund the difference between new worker wages and the current minimum wage.