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NY Sun

The Panic Over the Federal Reserve

It's hard to recall from the journalistic pack such a panic as has erupted over news that President Trump intends to name Stephen Moore and Herman Cain to board of the Federal Reserve. The New York Times warns the Fed could end up under the presidential "thumb." A "hideous specter," says the Washington Post. "Sabotage" cries the Financial Times. They all bewail the Fed's independence. We're tempted to say that all this solicitude over monetary policy warms the cockles of what's l...