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Fed’s Esther George Says Trump Can Tweet Until The Doves Come Home For All She Cares
If you ask Kansas City Fed President Esther George, Donald Trump can tweet about the dollar and low
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“Congress anticipated tension when they designed the central bank, and they put firewalls in place so that the central bank could be independent and carry forth with its decision making.”
The possibility of a strongman president was also contemplated when the U.S. government was designed. Indeed, it was considered probable. Consequently, “they put firewalls in place.” They don’t seem to have worked.
Ironically, in virtually every Westminster-style system that failed to follow the founding fathers’ advice, a prime minister this unstable would have been unceremoniously knifed in the back by his own party ages ago, and then had his carcass tossed out the back door. So much for firewalls.