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Fire the Fed

Stephen Moore and Louis Woodhill, Washington Times

For much of the past two decades, America’s economic problems of slow growth and flat wages were due to the drag of fiscal and regulatory mistakes. Now at the very moment in time when we finally have a president who is slashing tax rates and regulations and is making America a much more business-friendly nation, the Fed’s monetary policy has come unhinged. Cockpit warnings have been sounding for months, not only from the markets, but from President Trump and many other growth economists — including ourselves. We are now suffering the financial ramifications of this “pilot error” on the part of Mr. Powell.