Is the Fed Done Messing Up Everything?

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington on June 14, 2022. Sarah Silbiger/Reuters

Commentary

There’s a scene in a Fred Astaire and Ginger Rogers film in which the boss of a law firm leaves for vacation and puts his intellectually limited Cousin Egbert in charge. The note reads, “Don’t do anything.”