Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - US
The Guardian - US
Business
Eduardo Porter

Trump Fed chair’s inflation strategy: leave it to the market

a man speaking
Kevin Warsh, the Federal Reserve chair. Photograph: Bloomberg/Getty Images

It must feel strange to argue that government action is inevitably counter-productive – illegitimate even – when the government is you.

For the last half century, the Republican party has been comfortable with the contradiction. It’s framed in that clever quote from Ronald Reagan’s 1981 inaugural speech: “Government is not the solution to our problem; government is the problem.” Solutions, in this view, are delivered by free, unencumbered markets.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.