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Project Syndicate: Fed bashing and other policy blunders are the rule under Trump

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President Donald Trump is having second thoughts about nominating Jerome Powell to head the Federal Reserve.

NEW HAVEN, Conn. (Project Syndicate) — Blinded by a surging stock market and a 50-year low in the unemployment rate, few dare to challenge the wisdom of U.S. economic policy. Instant gratification has compromised the rigor of objective and disciplined analysis. Big mistake.

The toxic combination of ill-timed fiscal stimulus, aggressive imposition of tariffs, and unprecedented attacks on the Federal Reserve demands a far more critical assessment of Trumponomics.

The fate of the global economy now rests with the leaders of the United States and China, each of whom seems to think the other will blink first in their ongoing trade and technology war.

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