Did Dudley Do Right? (Project-Syndicate)

The New York Federal Reserve’s immediate past president recently caused controversy by calling on the Fed to make it “abundantly clear” that President Donald Trump will bear “the consequences” of his fiscal and trade policies. But what does “abundantly clear” entail?

https://www.project-syndicate.org/commentary/dudley-new-york-fed-2020-election-by-barry-eichengreen-2019-09

Barry Eichengreen is Professor of Economics at the University of California, Berkeley, and a former senior policy adviser at the International Monetary Fund. His latest book is The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era.

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