Trump decided that to prevent Turkey from leaving NATO, and from joining a deeper alliance with Russia, China and Iran, was more important than to further fool around at the margins of the Middle East. It is the right decision.

"I'm in the peculiar position of thinking the Fed should not raise rates, but it should not listen to the President, which is a hard position," Nobel Prize-winning economist Paul Krugman said Monday on CNN's Quest Means Business. "There's a pretty good case for not raising rates now. But to not raise rates in this meeting would look like they're allowing themselves to be bullied."