President Trump and the Fed

If you’re looking for an area in which Trump actually makes more sense than the mainstream of the GOP, this is probably it.

Ted Cruz wants to bring back the gold standard, and Paul Ryan can bang on and on about the declining value of the dollar, but the truth is that the dollar is extremely strong right now, and inflation is practically nonexistent.  The mainstream GOP view consequently only makes sense if you assume it is an effort to pander to elderly constituents who prefer to keep all of their money in the bank.

I don’t remember hearing Trump talk about the Fed during the campaign.  I know that he says that he “loves debt” and that he was pleased that the pound fell after the Brexit vote.  It would appear, therefore, that his Fed appointees would probably maintain the status quo, everything else staying equal.