Endgame for the Fed?
by Ron Paul The Federal Reserve, responding to concerns about the economy and the stock market, and perhaps to criticisms by President Trump, recently changed course on interest rates by cutting its “benchmark” rate from 2.25 percent to two percent. President Trump...
Today in History: Nixon Slams Shut the “Gold Window”
Today in history, on August 15, 1971, President Richard Nixon slammed shut the “gold window” and eliminated the last vestige of the gold standard. Nixon ordered Treasury Secretary John Connally to uncouple gold from its fixed $35 price and suspended the...
Trump Wants Obama-Style Monetary Policy
President Trump wants the Federal Reserve to relaunch Obama-era monetary stimulus. That means inflation. Trump started ratcheting up criticism of Federal Reserve monetary policy months ago. As the stock market plummeted last fall, the president blasted the central...