Federal Reserve independence is gone. It doesn't matter if Jay Powell goes or stays, Trump will appoint his guy, and his guy is going to revamp central banking to put it closer to Treasury. It's over. Now Dems have to start thinking, which I know for them is torture, but still.

Democrats need to start thinking about what a credit system should really look like, now that elected officials are going to have to start making decisions about that again. Normies should borrow cheap, and speculators should borrow dear.