Interest Rates Are Prices, Not Arbitrary Policy Tools

Source: Future of Freedom Foundation
by Richard M Ebeling

“President Trump and the current Federal Reserve Board of Governors differ as to what interest-rate changes should be focusing on and how the accompanying monetary changes should be applied to facilitate the achievement of the chosen shorter- or longer-term targets. But what is missed in most of the discussions, debates, and rhetorical exchanges is that both share a common institutional and policy premise: a government agency having the capacity to undertake monetary central planning.” (12/22/25)

https://www.fff.org/explore-freedom/article/interest-rates-are-prices-not-arbitrary-policy-tools/