What can history teach us about what happens when a populist strongman with an idiosyncratic taste for low interest rates undermines central bank independence?

The confluence of the North and South Forks of Phoenix Creek #phoenixcreek #mttamalpais #mttam #mttamwatershed #mmwd #marinwater #naturephotography #landscapephotography

You will someday

POWELL: “The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.”

youtu.be/KckGHaBLSn4

Video message from Federal Reserve Chair Jerome H. Powell:
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...

Let us all stand with Chairman Powell.