Trump’s reckless assault on central bank independence |
Donald Trump once said he values loyalty “above everything else…more than brains, more than drive and more than energy.” If you’re wondering how he responds to perceived disloyalty, he’s also previously said “I love getting even with people.”
With these two statements in mind, the Trump administration’s dramatic escalation of its war against the Chairman of the Federal Reserve, Jerome Powell, becomes easier to understand. That said, the targeting of the Fed chair with criminal proceedings is no less extraordinary just because it conforms to the Trump playbook.
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