Economist Paul Krugman has issued a stark warning against President Donald Trump’s undermining of the Federal Reserve’s independence.
Trump’s ‘Crackpot Economics’
In his newsletter on Thursday, Krugman described events of the past week regarding Trump’s attempted firing of Fed Governor Lisa Cook over “unsubstantiated claims” as being both “shocking and terrifying” for those following economic policy.
Krugman fears that there is now a “substantial chance” that the Federal Reserve’s independence “will soon be gone,” while adding that Trump and his people will ruin the lives of anyone who stands in their way.
See Also: Christopher Waller Supports 25 Bps …