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 Former Fed Official Says the Fed Should Let the Economy Tank to Hurt Trump

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Former Fed Official Says the Fed Should Let the Economy Tank to Hurt Trump Vide
PostSubject: Former Fed Official Says the Fed Should Let the Economy Tank to Hurt Trump   Former Fed Official Says the Fed Should Let the Economy Tank to Hurt Trump Icon_minitimeTue Aug 27, 2019 8:54 pm
It’s pretty rare that someone pens a hot take capable of causing immediate and serious damage to one of America’s key political institutions. But Bill Dudley may well have pulled it off! Today in Bloomberg, Dudley argues that the Federal Reserve should punish Donald Trump for his trade policies and actively sabotage his reelection bid by allowing the economy to tank.
The idea is awful on its merits. People would lose their jobs, their health care, etc. But what elevates the piece to truly epic heights of irresponsibility is that, until last year, Dudley served as the president of the Federal Reserve Bank of New York, widely viewed as the Fed’s second most powerful position. He is an insider’s insider, and if ever a single piece of writing could fuel conspiracy theories that a cabal of central bankers is out to sabotage Trump’s presidency, this one is it.

Former Fed Official Says the Fed Should Let the Economy Tank to Hurt Trump 2d89d697-7896-4d99-844e-3eea3e0a28dd

https://slate.com/business/2019/08/william-dudley-fed-trump-interest-rates-economy.html

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