Back to pre-1914 Fortress America, Fed Talk: 2018 overview and 2019 outlook

Banking, Conferences, Seminars, Forums, Events, Finance, Military, News, Politics and Government — By on January 9, 2019 at 9:09 AM


Commentary: Back to pre-1914 Fortress America

By Meghnad Desai in New Delhi

President Donald Trump has redefined the aims of US foreign policy. We are back to pre-1914 ‘Fortress America’. The US entered the first world war only because of the German U-boat sinking of the RMS Lusitania. It entered the second only after the bombing of Pearl Harbor. Trump wants to confine US defence activity strictly to defend national interests. He no longer wishes to run the world, and has ended the doctrine of the US as global policeman codified by President John Kennedy in 1961.

Read the full commentary on the website

Podcast: Fed Talk  2018 overview and 2019 outlook


Rein de Loor, programmes manager for the Americas at OMFIF, is joined by Darrell Delamaide, US editor at OMFIF and writer for Handelsblatt Global.

They discuss US monetary policy in 2018, developments at the Federal Reserve and in US economics, and the global outlook for 2019.

Listen to the recording, or search for OMFIF on your smartphone’s podcast app

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