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A finalist for Fed Chair warns Trump doesn't get a basic function of the Federal Reserve -- and it poses a threat to economy
Donald Trump is obsessed with loyalty and shows frequent disdain for US institutions like the judiciary and a free press, so it fits that he would flout a basic tenet of economic policy — Federal Reserve independence. That approach, which comes with potentially damaging ramifications for the economy if the president surrounds himself with monetary yes-men, has been confirmed by a top Republican economist who was on Trump's list of finalists for the job of Fed Chair. The role went to Jerome Powell, then a sitting Fed governor former Carlyle Group executive. But former Fed governor and Hoover Institution economist ... (full story)
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- NewtonsCash
- Comment #2
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- May 9, 2018 1:05pm May 9, 2018 1:05pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
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- Newstart08
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- May 9, 2018 3:49pm May 9, 2018 3:49pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.