Perspective | Donald Trump’s Suboptimal Path To Defending The Status Quo

Perspective | Donald Trump’s suboptimal path to defending the status quo

Prior to Janet Yellen’s term ending February 2018, Donald Trump is expected to annouce Jerome Powell as the new chairman of the Federal Reserve. Learn who he is here. (Jhaan Elker,Patrick Martin/The Washington Post)
Six months ago, I participated in a political economy conference in which we debated the significance of President Trump. I was a relative optimist. I argued that while Trump was bad in many ways, he was unlikely to take actions that would truly roil owners of capital. A very smart scholar who shall remain nameless was much more pessimistic, and predicted a financial Götterdä …

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