Fed Groupthink Is a Bureaucratic Disease

Larry Kudlow: Federal Reserve Groupthink Is a Bureaucratic Disease

Thursday on Fox Business Network's "Kudlow," host Larry Kudlow discussed the Federal Reserve's "groupthink" on tariffs and inflation. Kudlow said, "Other

Fed Groupthink Is a Bureaucratic Disease

Where is the diversity of thought on the central bank’s board, and why aren’t its members questioning Jay Powell’s anecdotes of his new tariff war on inflation?

Larry Kudlow: Federal Reserve groupthink is a bureaucratic disease

As Breitbart’s John Carney put it, the Federal Reserve has actually fought versus tariffs. Unlike the Middle East, this is a counterfeit war. The Fed stubbornly declines to decrease its target rate, due to the fact that they have actually chosen that Mr. Trump’s tariffs will increase inflation. So I ask, just what is your design of tariff inflation? Since up until now, with a 10% standard tariff in current months, inflation rates have actually b…