Trump’s Plan to Politicize the Fed

President Donald Trump has floated the idea of nominating former presidential candidate Herman Cain and conservative pundit Stephen Moore to policy seats on the Federal Reserve’s board. Would Cain and Moore alone swing interest rates? Probably not. But their appointments could erode non-partisan standards that make the Fed one of the most important economic institutions in the world. Guest: Jordan Weissmann, Slate’s senior business and economics correspondent. Learn more about your ad choices. Visit megaphone.fm/adchoices