Sorry, Mr. Trump, But Fed Policy Actually Favors You

As Donald Trump charges that the election is being rigged, let’s consider one of his claims: that Janet Yellen and the Federal Reserve are keeping the economy artificially strong to benefit the candidacy of Hillary Clinton. While Trump is correct that the Federal Reserve system is subject to some political influence, the rest he gets mostly backwards. If anything, Fed monetary policy has weakened the electoral prospects of the Democratic Party since the financial crisis.