In just six months, the Fed went from hiking interest rates to, as of last week, opening the doors for future interest rate cuts. This makes the hike last December look a bit silly given the stock market was in freefall, economic data was deteriorating, and trade tensions were escalating. To make matters worse, President Trump tweeted it is “incredible” that the Fed “is even considering another interest rate hike” before the Fed raised last December. Since then, the Twitter handle @realDonaldTrump has been exceedingly critical with regards to Fed policy and tightening too aggressively. It’s worth noting that almost every other president in history has steered clear of publicly criticizing the Fed, which makes this situation even more precarious and unprecedented.

About once a decade here in the Pacific Northwest, we encounter what’s been dubbed Snowmaggedon, where, as we witnessed in February, locals load up on groceries; city officials prep and treat roads, bridges and walkways; and families cozy up and stay close to home.