Federal Reserve

What Republicans Get Wrong About the Fed

They mistake the trends of the '70s for timeless truths.

Come again?

Photographer: Chip Somodevilla/Getty Images

Buck up, philosophy majors: You may have taken a few hits at the latest Republican presidential debate, but central bankers had it worse. The Federal Reserve was accused of everything from hurting savers to worsening inequality to interfering in politics. Candidate after candidate joined the pile-on. Their criticisms are understandable. But they're also mostly wrong.

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