Should the Fed raise or lower interest rates? Neither. Instead, End The Fed

By Walter E. Block

​A pre-Covid brou-ha-ha entered into by our president concerns interest rates. The Federal Reserve System is raising them to inappropriate levels, in the view of Mr. Trump; he would like them to remain as low as possible, so as to pump up the economy. Specifically, he averred: “I think we have much more of a Fed problem than we have a problem with anyone else.”
 
Members of the economics profession are divided on this matter. Some argue that pre-Covid unemployment rates were at n...