Former Federal Reserve official slams Trump and his policies.
Trump in over his head again. Needs babysitting from adults.
Ex-Fed official says central bank should stop enabling Trump
https://www.cbsnews....enabling-trump/
A former top Federal Reserve official suggested Tuesday that the Fed should avoid responding to the effects of President Donald Trump's trade war with China and even consider how its actions might affect Trump's re-election prospects — an argument that drew an unusual rejection from the Fed.
William Dudley, former president of the Fed's New York regional bank, argued in a Bloomberg Opinion piece that if the Fed were to accommodate the president — by further cutting interest rates, for example — it could lead him to escalate his trade war and elevate the risk of a recession.
"This manufactured disaster-in-the-making presents the Federal Reserve with a dilemma: Should it mitigate the damage by providing offsetting stimulus, or refuse to play along?" Dudley wrote.