Monetary Mayhem: the Consequence of Discretion

The President of the United States is not the most powerful man in America. The leaders of the House and Senate, whose whips may set the leviathan Federal government barreling in whichever direction they please, do not top the rank. The nine Justices of the Supreme Court, a half dozen of whom can permanently alter the very meaning of the Constitution, are far from the most commanding figures in Washington. Rather, the true heart of American power lies not on Capitol Hill, but two miles westward, nestled between the Vietnam War Memorial and a Dunkin’ Donuts.

NationDimitri ZlatevJune 13, 2023Federal Reserve, Federal government, Dimitri Zlatev, economy, economicsComment