Brit Hume Says Investigation into Jerome Powell Is Trump’s Payback for Interest Rates: ‘That’s What This Dispute Is About’

EXCERPT:

HUME: “Does anybody think this would be happening, this investigation, if Powell had acquiesced to the president and set interest rates – where the president wants, which is, like, what every president wants – lower? Presidents always want lower interest rates.

It’s certainly possible that in the sweep of history, we’ll look back and say, “You know, this system with the Federal Reserve having so much control over interest rates was really not ideal.” But would it be better if the politicians and the presidents had control of interest rates? And I think not many economists you’d find on any side of any aisle that would say that’s better. And I think at bottom, that’s what this dispute is about.”

(Via Mediaite)