

Presidents Should Leave the Fed Alone
L: The always astonishing President has recently criticized the FOMC interest-rate increases, among other things. He complained that it takes away from the United States’ “big competitive edge.” Reuters reports: "Trump, in posts on Twitter, also lamented the strength of the U.S. dollar and accused the European Union and China of manipulating their currencies....Trump, however, has made reducing U.S. trade deficits a priority and the combination of rising interest rates and