Biden’s inattention to the Fed is a mistake


Biden gains nothing by renouncing any interest in persuasion. He could’ve said nothing. Or he could’ve simply lauded the Fed’s independence while reserving his right to disagree with its decisions.

JOE BIDDEN is getting a lot of things right early in his presidency. But his first steps with regard to the Federal Reserve? Not so much.

For one thing, Biden isn’t attempting to affect monetary policy by making either public or private statements aimed at Fed chairman Jerome Powell.

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