fromwww.theguardian.com
2 weeks agoThe Federal Reserve's independence is about to be tested like never before
The time has come to ban the revolving door between the White House and the Federal Reserve, two academics argued last year. Doing so would be critical to reducing the incentives for officials to act in the short-term political interests of the president, they wrote. Eight months ago, the two writers Dan Katz and Stephen Miran joined the Trump administration in senior roles.
US politics