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The Federal Reserve's Tortured Logic

Stephen Moore, CNS News

Yes, the Fed should cut rates now — and it should have done so months ago — because prices are falling in many sectors. Better late than never. There is no sign of inflation anywhere in the economy today. Trump is right to try to drain the Fed board of economists who are still peddling dead Keynesian ideas about money. Sound money and a stable dollar on top of the prosperity-enhancing effects of deregulation and tax cuts can give us 3% to 4% growth with no inflation for as far as the eye can see. Just what is Jerome Powell so afraid of?

https://www.cnsnews.com/commentary/stephen-moore/federal-reserves-tortured-logic