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The Trump Monetary Consensus
07-17-2019, 02:17 PM,
The Trump Monetary Consensus
The Trump Monetary Consensus

The latest scoop on the Federal Reserve is what a unifying figure President Trump turns out to be. He wants our central bank to hold down interest rates, and look who's with him: the Fed chairman, Jerome Powell, who is now signalling rate cuts; Mr. Trump's latest candidate for a Fed governorship, Judy Shelton; the Financial Times, albeit wishy-washally; the increasingly Trumpist New York Times; and drum roll its Nobel laureate, Paul Krugman.

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