While financial markets will wait and see what the impact of the 'Department of Government Efficiency' will be, the key thing to look at is Trump's pledge to end the independence of the Fed. Every country in the world would be impacted by this, if he goes ahead, and it is likely to lead to significantly higher rates globally in the short term and possibly international financial chaos in the medium term. So yes, despite what people might say, decisions such as what to do about Hammersmith Bridge are going to be affected by what happens in the White House but the same goes for every government decision globally.
To be brutally frank, if the Fed's independence is ended, we'll have bigger things to worry about than Hammersmith Bridge.
Andrew OSullivan ● 42d