Saturday, August 24, 2019

Scapegoating the Fed Won’t Prevent a Recession, by Desmond Lachman

Unlike was the case for Harry Truman, for Donald Trump the buck certainly does not stop with him. Rather, President Trump’s modus operandi is to take all of the credit for his policy successes and to assign all of the blame for his policy failures.
In his relentless attacks on Federal Reserve Chairman Jerome Powell, Trump is acting true to form. Rather than recognizing that his protectionist trade policy might be the main culprit for U.S. economic performance falling short of his campaign promises, Trump chooses to set up Federal Reserve Chairman Jerome Powell as the scapegoat for any U.S. economic setback in the run-up to the 2020 presidential election.....

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Trump’s True Foreign Policy: Chaos, by Hal Brands
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