, Columnist
Rate Cuts Anyone? Anyone? Ferris Bueller’s Tariff Lesson
Central bankers concede there’s much they don’t know after “Liberation Day.” But life comes at you fast.
The Trump administration could learn something from Bueller’s economics teacher, played by Ben Stein, in the 1986 classic.
Photographer: CBS Photo Archive/Getty Images
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It’s discomforting to see the men and women who have saved the global economy numerous times be so flummoxed by the trade war. Even if they were less than fully convinced about what would ultimately be required, they tend to act decisively. Officials are feeling their way through the tariff drama, just like the rest of us.
This type of caution does, though, come with term limits.