The Fed’s Monetary Heroin

A lot of people labor under a misconception that President Donald Trump opposes the Federal Reserve. While the president has leveled a great deal of criticism at the central bank in recent months, he has never opposed the Fed in principle. He's merely expressed frustration that the central bankers won't implement the monetary policy he prefers at this time. In fact, Trump wants the Fed to lower interest rates and, in effect, print money, just like it did when Barack Obama was in the White House.

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