Following last month’s midterm elections, this week’s meeting of the Federal Reserve’s Federal Open Market Committee effectively serves as the first such meeting of the 2024 campaign cycle. With the Fed’s inaction last year exacerbating inflation, and its current round of interest rate hikes likely to slow the economy in the year ahead, Republican presidential candidates should highlight the Federal Reserve Board’s importance by proposing a list of nominees they intend to advance via Senate confirmation for vacant Fed posts if elected.
The pernicious tax imposed by record-high and persistent inflation demonstrates the ways in which monetary policy affects families
