Federal Reserve Groupthink Is a Bureaucratic Disease

Thursday on “Kudlow” by Fox Business Network, the host Larry Kudlow discussed the “group thought” of the Federal Rose on prices and inflation.

Kudlow said: “Another war, as John Carney said from Breitbart. The federal reserve went to war against the prices. Now, unlike the Middle East, there is a bogus war here. The Fed obstinately refuses why exactly your price model has decided, because the scour not from the end of January. Problem because he said that the Federal Reserve Board is an accomplice of Jay Powell’s mistakes.

He added: “So where are the people named by Trump? Where is Vicky Bowman? The new vice-president of supervision? Where is Chris Waller, the former professor of economics at Notre-Dame? Where is a diversity of thought? And why do these members of the board of directors not give slippery and rather uninformed anecdotes. Here is a thought.