3. German Populism Politics And Monetary Policy - JOSEPH STERNBERG 091526

CAPTION  1930 BERLIN

German Populism Politics And Monetary Policy

Joseph Sternberg examines the electoral rise of Germany's Alternative for Germany (AfD) party in Saxony-Anhalt, highlighting concerns over unpurged neo-Nazi elements within its leadership. While France's Marine Le Pen cleaned up her party's extremist image, the AfD retains radical elements, yet attracts frustrated voters in East Germany due to immigration and economic grievances. Sternberg also notes JD Vance's controversial alignment with European right-wing parties. Turning to economics, Sternberg discusses the Federal Reserve under Kevin Warsh considering a rate hike amid global bond selloffs, rising long-term yields, persistent inflation, and low-growth fiscal challenges in Britain. (3)