In Project Syndicate Prof. Nouriel Roubini writes about Trump’s Monetary Conundrum:
During his campaign, Trump threatened the US Federal Reserve’s independence, and heaped criticism on Fed Chair Janet Yellen. But Trump is a real-estate mogul, so we cannot immediately assume that he is a true monetary-policy hawk, and not a closet dove. His campaign rhetoric may have been directed at the Republican Party base, which is full of Fed-bashing gold bugs.
Roubini therein makes several unforced errors, two of them serious.
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