It’s none too soon for President-elect Trump to think about whom he wants for chairman of the Federal Reserve. Come January, he will have little more than a year to make this decision, given that Janet Yellen’s term as chairman expires in February of 2018. She has so firmly interpreted congressional oversight as a form of political interference that it’s hard to see how she could be anything but an obstructionist in respect of monetary reform. She seems cool even to a centennial review of the Fed’s performance as the central bank commences its second century.
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