How will the US Federal Reserve deal with Trump’s excesses?
The Fed’s job is to keep inflation at a sustainable rate, but will Janet Yellen rain on the president’s parade?
Bill Martin was the chair of the US Federal Reserve for nearly 20 years, through the presidencies of Harry Truman, Dwight Eisenhower, John F Kennedy, Lyndon Johnson and Richard Nixon.
Through that period, 1951 to 1970, Martin guarded the independence of the Federal Reserve – the US central bank, which had only been founded in 1913 – with vigour.
He also articulated a clear view of the role of the Fed, never more ...
