Powell Should Be A Great American Villain. DC Will Make Him a Hero

Tags: The Fed, Inflation, Politics

01/14/2026 Tho Bishop

The current Washington tiff between Donald Trump and Jerome Powell is being reframed as Powell heroically defending the Fed’s “independence.” In truth, the Fed has always done the administration’s dirty work and pursued inflation when it might temporarily boost the economy.

Original article: https://mises.org/mises-wire/powell-should-be-great-american-villain-dc-will-make-him-hero

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