Good thread from @TheStalwart.

Dudley's op-ed is misguided, and deeply so I feel, on multiple levels.

4 points:

1) It crosses the line on independence in a way so flagrant that its impossible to imagine that Central Banking as we know it would remain. If the Fed openly 1/12

https://twitter.com/TheStalwart/status/1166306976034381824

undermined the foreign policy objectives of a duly elected Administration, there is simply no defensible objection to that Administration taking all legal measures to replace the Board of Governors with people supportive of its goals.

2) Allowing the US economy to fall into 2/12