Social media, populism, fake news will frame next US recession's story

It's unlikely that Wall Street-favouring white men will have anything close to the share of influence during the next downturn that they had in the last one

Rising interest rates and market jitters are bringing out worries about what the next recession might look like. It really might be different this time, because of changes in politics and media since the last recession. President Donald Trump's recent comments criticising the Federal Reserve are just the start of what we could expect. 

The priority of the American political response to the financial crisis of 2008, under both the Bush and Obama administrations, was focused primarily on stabilising banks and the financial system. Soon after, the movement that became the Tea Party emerged, in part as a reaction against this.

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