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Why The Establishment Fears a Trump-led Fed

May 14, 2024

Why The Establishment Fears a Trump-led Fed While in office, Trump blamed the Fed for tightening monetary policy. Now members of Trump’s team allegedly plan to give a re-elected Trump more power over the Fed, igniting panic from mainstream economists about a politicized Fed. Our guest commentator explains why the real risk, from the establishment’s perspective, is not […]

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Volcker Recalls Another Time the Fed Was in the President’s Crosshairs

October 25, 2018

Volcker Recalls Another Time the Fed Was in the President’s Crosshairs The central banker’s memoir recounts an awkward encounter with Ronald Reagan. Reagan and Volcker in the Oval Office in 1981. PHOTOGRAPHER: J. SCOTT APPLEWHITE/AP PHOTO Donald Trump’s repeated public criticism of the Federal Reserve’s monetary policy seems extraordinary, but he isn’t the first president […]

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The Idea That the Fed Is ‘Independent’ Is Absurd

September 3, 2018

The Idea That the Fed Is ‘Independent’ Is Absurd Reuters Photographer President Donald Trump sparked controversy — as is his wont — when he recently told CNBC that he was “not thrilled” with the Federal Reserve’s announced hikes in short-term interest rates, which he claimed would hinder the economic expansion for which his administration had […]

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When LBJ Assaulted a Fed Chairman

August 1, 2018

When LBJ Assaulted a Fed Chairman In his column today, Ron Paul mentions that those who insist the Fed functions with “independence” tend to forget — or at least not bring up — the numerous historical episodes in which the Fed did not exercise any such independence. As an example, Paul mentions the time President Lyndon […]

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Trump’s Tweets End the Myth of Fed Independence

July 31, 2018

Trump’s Tweets End the Myth of Fed Independence President Trump’s recent Tweets expressing displeasure with the Federal Reserve’s (minor) interest rate increases led to accusations that President Trump is undermining the Federal Reserve’s independence. But, the critics ignore the fact that Federal Reserve “independence” is one of the great myths of American politics. When it […]

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Don’t Be Fooled by the Federal Reserve’s Anti-Audit Propaganda

March 10, 2015

Don’t Be Fooled by the Federal Reserve’s Anti-Audit Propaganda In recent weeks, the Federal Reserve and its apologists in Congress and the media have launched numerous attacks on the Audit the Fed legislation. These attacks amount to nothing more than distortions about the effects and intent of the audit bill. Fed apologists continue to claim […]

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Olduvai IV: Courage
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