Trump nominates libertarian Fed critic for Fed Post
And the Establishment is (predictably) freaking out:
https://www.americanthinker.com/blog/...
https://www.economist.com/democracy-i...
https://www.bloomberg.com/opinion/art...
Should make for interesting times at the Fed!
https://www.americanthinker.com/blog/...
https://www.economist.com/democracy-i...
https://www.bloomberg.com/opinion/art...
Should make for interesting times at the Fed!
In previous article he says the fed should keep rates down. Trump puts a guy in the Fed to do exactly that, and he does nothing but complain.
(He also apparently feels that whites should pay reparations to blacks, so his irrationality is somewhat consistent.)
Sack all the economists, shoot the bankers, sell off the computers, make no pronouncements, give no instructions,
rent out the buildings except the foyer where there will be a big dart board.
Haven't we gotten used to that under Obama? Bloomberg did not whine about it then. The appointees were called "czars". Remember?
That is to say the least.
Powell has been acting like a robot w/o thinking on rates. He is no different than Yellen who rushed to his defense upon the president's critic.
If Krugman is melting down, you can be sure the move was the correct one.
But when you have bankers governing an economy how is that not political?