Bringing accountability to powerful, unelected officials

October 3rd, 2018

It is often said that the chair of the Federal Reserve is the second most important person in Washington. I’m not sure the statement is exactly right, but that it is plausible is, in a sense, remarkable. Why should the second most important person in Washington not be elected by the people, or at least directly accountable to and subject to dismissal by elected officials? The president cannot fire members of the Federal Reserve Board of Governors, and for the past quarter-century it has been taboo for the president or his economic team to so much as comment on the Fed’s activities. READ MORE

Trump exaggerates economic progress and takes credit he doesn’t deserve

September 20th, 2018

Last week, the White House released a brief that, among other things, suggested I was wrong in claiming the president has taken credit for far more economic success than he deserves. It does not take long to compile evidence to support my mild claim. READ MORE