Opinion: President Trump’s political attacks on the Fed are hurting his own nominees
Herman Cain on Monday removed himself from the running for a seat on the Federal Reserve Board, and President Trump tweeted that he’d “respect his wishes.” Yet the lesson of this episode is less about the former pizza CEO than it is for Mr. Trump, whose political attacks on the Fed are hurting his own nominees.
Mr. Cain hadn’t been nominated, though he faced what central bankers might call “headwinds.” The press has pounded him as unqualified, and his confirmation looked like a long shot even in a Republican Senate. When...
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