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LARRY KUDLOW: Don't Make a Martyr Out of Jay Powell

On HALO

3 weeks ago

Don’t martyr Jay Powell. He was a terrible Fed chairman, but he’s not a criminal. Over his tenure, he consistently missed the Fed’s inflation targets with the worst price hikes in 40 years. He was the most political Fed chairman in memory. Raising rates to stop President Trump’s tax cut boom back in the first term, lowering rates to reelect Vice President Harris and the Democrats in the last election — totally political. A whole bunch of his Fed cronies face accusations of insider trading, or breaches of ethics, or mortgage fraud, but he never did anything about it. He jumped on the socialist...