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Karl W. Smith

Don't Let Trump's Fed Pick Choke the Recovery

Economist Marvin Goodfriend has been way too jittery about inflation. And he's been wrong.


Photographer: Andrew Harrer/Bloomberg

Marvin Goodfriend’s nomination is in trouble, and that’s a good thing.

Goodfriend is President Donald Trump’s pick to fill one of the four empty seats on the Federal Reserve Board. He faced a brutal interrogation from Senator Elizabeth Warren during his confirmation hearing in January, and has won few friends among Senate Democrats.