Using executive action, governors in many states can use a relatively untapped means of reducing the cost and improving access to prescription drugs for their citizens.
Issues left out of the US‐China Economic and Trade Agreement, such as cyber theft, cyber security, and standardization, could be a source of tension in the future.
Any potential gains from sticking to the Fed’s old toolkit are far outweighed by the potential costs of having to rely upon a tool which, if it isn’t quite “broken,” is too close to it for comfort.
