Fed, Powell
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Jerome Powell, White House
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11hon MSN
President Donald Trump ousted Joe Biden’s appointees to the National Capital Planning Commission, the obscure panel that oversees urban planning for the Washington area. And instead of the usual wonky architecture types,
To allow an individual, or group of rogue political insiders to second guess professionals at the Fed would be a monumental mistake.
The Eccles Building controversy is fast becoming a political flashpoint. Powell is facing pressure from multiple sides, Trump is urging interest rate cuts, lawmakers are demanding transparency, and watchdogs are warning of a breach of public trust.
Mises Institute Senior Fellow Bob Murphy debates David Beckworth of the Mercatus Center tonight at 7pm ET, moderated by George Gammon.
It’s not that Jerome Powell has no controversies to deal with. President Donald Trump has repeatedly called Powell a “numskull,” demanding that he cut interest rates to boost the economy.