"The American people, I think, not only have a toleration but also a hunger for explanation and complexity, and a willingness to acknowledge hard problems. I think one of the biggest mistakes that is made in Washington is this notion you have to dumb down things for the public."After eight years of Manichaean ethos, elitism looks attractive.
— Barack Hussein Obama, interview with Newsweek's Jon Meacham
The Fed chair race is becoming a proxy war for central bank independence
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The investigation into Fed chief Jerome Powell could have a lasting impact
on President Donald Trump's ability to shape the central bank.
1 hour ago



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