WSJ Obituary Lays Waste To a Simplistic Fed Narrative

WSJ Obituary Lays Waste To a Simplistic Fed Narrative

It's often said that “red” and “blue” are divided as ever. But like most things, this bit of conventional wisdom is overstated.

Consider the Federal Reserve. President Trump and his most ardent supporters are convinced that the Fed's rate machinations in the upward direction somehow slowed the economy and tanked markets right at the end of last year. Right is italicized in the previous sentence because according to Trump partisans, the economy and markets were amazing right up until that quarter point hike.

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