Mark Gilbert , Columnist

Blame the Fed for Trump's Victory

Trump's election victory may say more about economics than it does about politics.

November 9, 2016 at 12:50 PM UTC

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

Follow the money.
Photographer: Justin Merriman/Getty Images

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Worried by the rise of populism in politics? Blame the central banks.

Every populist politician in the world will go to bed tonight dreaming the dream after Donald Trump's surprise victory in the U.S. presidential election. Every member of the so-called elite -- however you choose to define that amorphous concept -- needs to take a long, searching look in the mirror and ask whether the few have seriously miscalculated the mood of the many.