Within limits of course. There will be no discussion of nationalization or transparency or democratic control of the money system. Just a variation on the old theme.
- President Trump sharply criticized the Federal Reserve this week, saying interest rate increases are hurting the economy.
- Trump will have the opportunity to fashion the central bank in the image he would like as he has four vacancies to fill on the board of governors.
- The result could be a more politicized Fed.
President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. The president is anti-overregulating American industry. The Fed is a leader in pushing stringent regulation on the nation. By raising interest rates and stopping the growth in the money supply it stands in the way of further growth in the American economy….
“Regulation” in this context means theft. They’re stealing too fast, threatening the stability of the system. Not good business.