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
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.
