fromIntelligencer
1 week agoThe Federal Reserve Is Too Independent
He is breaking with decades of precedent and allegedly the law to attempt to fire Lisa Cook, a Biden-era appointee to the bank's board of governors. It appears to be part of his campaign to demand lower interest rates, which is a lousy policy when inflation hasn't quite cooled. Trump has done little otherwise to bring prices down. His aggressive tariff regime, certainly, will punish many families - especially when it's not coupled with a new industrial policy or jobs program.
US politics