Repeat After Me: Keep the White House OUT of Fed Policy

It's politics season so we read about lots of ideas that exist just to juice up supporters but will, realistically, never see the light of day.

A few days ago, POTUS called for SCOTUS term limits. Creadon Verdict? Nope. Not gonna happen. Nor should it. But age limits; maybe?

Today, Donald Trump said the White House should have "some say" over Fed policy. Creadon Verdict? Not in a million years. An absolutely horrendous idea.

But, hey, keep the idea wheel spinning, lady and gentlemen. One of these lucky days you might strike Creadon Gold. I love new policies; even bad ones. (They give me something to write about.)

The Federal Reserve is independent. This is by Congressional mandate. They have exactly two main jobs of equal importance: maximum employment and price stability.

In plain English; create jobs and curtail inflation.

This is not an easy task.

I've studied the Federal Reserve closely for 25 years or more and, on balance, I think they do a very good job.

I believe we've never had a bad chair since as far back as I can remember. And the first one I studied was Alan Greenspan - decades ago.

I'm not saying they've never made mistakes; they have.

I just don't buy hardly any of the hogwash arguments you can find online - and probably in the Comments section below - that our central bankers are some secret cabal trying to take over the world in concert with Martians and the CIA.

It's all so terribly exhausting. This isn't the "X Files", friends and countrymen, it's monetary policy. University of Chicago economy stuff. Not terribly sexy, but very, very important.

Politicians by nature are political. They often put their party and votes first. Actually, the good ones do it nearly all the time.

I'm every bit against the idea of Donald Trump having control over our money supply as I am having Kamala Harris or RFK Jr. in charge of it, either.

And I'm not merely picking on these three. No politician should get that right, be given that right or, frankly, even ask for that right. It's a fallacy that this would ever even take place.

But; again. Keep the new concepts coming. Debate is good. Elections are healthy. What's that old expression: if never hurts to ask.

Or something like that.