Stephen Moore:Donald Trump’s monetary vindication

Well, what do you know! It turns out that amateur economist Donald J. Trump knows more about sound monetary policy than Fed chairman Jerome Powell and his team of hundreds of Ph.D. economists.

Call it street smarts or call it business moxie, but Trump was dead right when he attacked the Fed, first in September and then even more savagely after the Fed’s Christmas Eve rate hike massacre, which closed the day on a 650-point crash in the Dow Jones Industrial Average. More than 500 points of that blood spillage occurring while Powell was making his economically hapless rate hike announcement.


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