Subject: Re: Trump's pro-inflation aggression
Two cases don’t make a trend,
Seems I recall Greenspan also being criticized. in the early 2000s, for the interest rate suppression that helped inflate the real estate bubble, that popped a few years later.
Three bent Fed Chairmen? Bernanke gave AIG $85B, for the ease and comfort of it's counterparties, even though it was not a bank within the jurisdiction of the Fed.
So, seems Powell's problem is being unwilling to bend to the demands made of him, in the face of a history of the Fed being a tool of the administration.
Steve