If you believe that presidents get to fire executive branch appointees, there is no logical way for that to only be inapplicable for the Federal Reserve.
Federal Reserve
Posted inEconomic Policy
Greenspan Was the Creator of His Own Disaster
The former Fed chair, who died at the age of 100 this week, deliberately engineered financial markets to be faster and looser. Then they blew up.
Posted inTAP
Kevin Warsh Decides Not to Be Trump’s Toady
The Fed votes 12-0 against Trump’s demand to cut interest rates.
Posted inTAP
Time to Stop Lionizing Powell
The Fed chair has been an enabler of the economy’s hyper-financialization and speculative excess. Resistance to Trump is too low a bar.
Posted inTAP
How Trump Undermines Trump
Consider the president’s self-defeating assault against Jerome Powell.
Posted inEconomic Policy
The Faltering War Economy
Trump’s war craters the economy in multiple ways, even if it somehow ends soon.
Posted inTAP
How Trump Lost the Courts
With every passing day, another federal judge issues a scathing order to contain Trump’s autocracy and Trump keeps alienating the Supreme Court.
Posted inEconomic Policy
Trump’s Fed Regulators Rewrite the History of the Silicon Valley Bank Collapse
Before every financial crisis, there is a concerted effort to argue that this time is different.
Posted inEconomic Policy
The Next Financial Collapse
In the coming crisis, the Fed is not likely to be in good hands.
Posted inTAP
Central Banker or Central Casting?
Seemingly, Kevin Warsh is a mainstream central banker. Dig down and he’s the Fed equivalent of Pete Hegseth.