The Market Ticker - Red America Should Insist On A Divorce
It’s time to seriously reconsider the “premise” that The Fed is “independent.”
It certainly is not, and never was — but occasionally someone does something so stupid as to personally identify and put a face on their political machinations.
I understand and support Fed officials’ desire to remain apolitical. But Trump’s ongoing attacks on Powell and on the institution have made that untenable. Central bank officials face a choice: enable the Trump administration to continue down a disastrous path of trade war escalation, or send a clear signal that if the administration does so, the president, not the Fed, will…….
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Source: https://www.market-ticker.org/akcs-www?post=236716
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