An economist poses a question: What if Federal Reserve Board Chairman Jerome Powell set a trap for Trump? — The South Dakota Standard

An economist poses a question: What if Federal Reserve Board Chairman Jerome Powell set a trap for Trump? — The South Dakota Standard

If one understands the history and functioning of the Federal Reserve system, one must wonder if Jerome Powell’s recent remarks in Chicago were not just careless, but instead carefully premeditated? What if his speech was the bait in a premeditated trap for an ill-informed president known to have zero capacity for self-control?The new administration’s wholesale firings violate a slew of laws, the Civil Service Act, the Administrative Procedures …