Trump monetary policies feed ‘K-shaped’ recovery, polarizing society

Illustration: Chen Xia/GTSky-rocketing US federal debts, rock-bottom interest rates and concerns about an upcoming resurgence of the coronavirus pandemic coupled with the winter influenza are hyping up skepticism that the “K-shaped” economic recovery in the world’s largest economy is now an ongoing reality.The bellwether of the economy’s health – the trading price of the US currency – is now near its lowest level in 28 months, down more than 10 percent from its 2020 peak against a number of its global peers.On Friday, the Chinese currency, the yuan, jumped a massive 1.3 percent in onshore trad…

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