How Trump's nominee for the Fed could turn central banking on its head
- Written by Jay L. Zagorsky, Economist and Research Scientist, The Ohio State University
President Donald Trump on July 10 nominated Randal Quarles to be one of the seven governors of the Federal Reserve System, the central bank of the United States.
Before I get to Quarles and his qualifications, it’s important to understand the Fed and what it does. Its decisions are vital to every person on the planet who borrows or lends...
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