Bill Foster: “So, your answer is that President Trump has the final say on these documents.”

The good news is that macroeconomic policy is working as designed.

I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.

If you made it anonymous, you would allow Members to sort of probe support for centrist legislation.

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.