Source: Ludwig von Mises Institute
by Artis Shepherd
“The war of words between President Donald Trump and Fed Chairman Jerome Powell has been revealed as largely histrionic. Like their predecessors — Richard Nixon and Arthur Burns — over 50 years ago, Trump and Powell have been acting out a performative charade regarding when and to what extent artificially low interest rates should go even lower in the midst of persistent inflation. The supposed sparring between Trump and Powell merely guarantees the result both want — more easy money.” (09/15/25)