Trump Fed chair’s inflation strategy: leave it to the market | Eduardo Porter
Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic stewardIt must feel strange to argue that government action is inevitably counter-productive – illegitimate even – when the government is you.For the last half century, the Republican party has been comfortable with the contradiction. It’s framed in that clever quote from Ronald Reagan’s 1981 inaugural: “Government is not the solution to our problem; government is the problem.” Solutions, in this view, are delivered by free, unencumbered markets.Eduardo Porter is a journalist focused on economics and politics.
Reported by 1 outlet — The Guardian US. See all sources ↓
Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic stewardIt must feel strange to argue that government action is inevitably counter-productive – illegitimate even – when the government is you.For the last half century, the Republican party has been comfortable with the contradiction. It’s framed in that clever quote from Ronald Reagan’s 1981 inaugural: “Government is not the solution to our problem; government is the problem.” Solutions, in this view, are delivered by free, unencumbered markets.Eduardo Porter is a journalist focused on economics and politics. He writes the newsletter Being There on Substack Continue reading...
Read the full report at The Guardian US ↗
Why it matters
A world story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic stewardIt must feel strange to argue that government action is inevitably counter-productive – illegitimate even – when the government is you.For the last half century, the Republican party has been comfortable with the contradiction. It’s framed in that clever quote from Ronald Reagan’s 1981 inaugural: “Government is not the solution to our problem; government is the problem.” Solutions, in this view, are delivered by free, unencumbered markets.Eduardo Porter is a journalist focused on economics and politics.
- How widely is it covered?
- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- 12m ago.
How outlets are framing the same story
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- Coverage card1 outlet1CoverageScouting report
Trump Fed chair’s inflation strategy: leave it to the market | Eduardo Porter
Sources1TypeCoverageThe Guardian US