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Caroline Baum: Former Fed official Dudley urges the Fed to play politics, and call Trump’s bluff
Why tit-for-tat monetary policy is a bad idea. There are times when the Federal Reserve has been accused of acting politically. For example, in 2016 Donald Trump chastised Fed Chairwoman Janet Yellen for holding interest rates low to help President Barack Obama. Never, as far as I can tell, has a policy maker, current or former, encouraged
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Posted: August 28, 2019 Wednesday 10:01 AM