July 30, 2018

Trump Wants to Blame the Fed, Not Control It

Tyler Cowen

Holbert L. Harris Chair of Economics at George Mason University

In his column at Bloomberg, Tyler Cowen argues that Trump's recent criticisms of the Fed amount to political cover. If something goes wrong with the economy, the president needs to blame someone. The Fed presents a compelling political target. In reality, Cowen notes, the political independence of the Fed has always been limited. 

Read it here: Trump Wants to Blame the Fed, Not Control It