Don’t Just Defend the Federal Reserve. Reinvent It.

President Trump’s assault on the Federal Reserve is a naked power grab. The central bank, through its control of interest rates and influence on financial markets, is the most powerful and fast-acting agency of economic policy. For MAGA to gain control by ousting board members and packing the leadership of its regional operations is alarming. It raises the prospect of an economic policy rigged ruthlessly to favor the electoral prospects of Republicans. Read Full Article »