Trump and the Art of Extortion

How to understand his desire to control the Fed (and everything else)

Friends,

Today the Senate Banking Committee will consider Trump’s nomination of economic adviser Stephen Miran to be a governor of the Federal Reserve. Trump would like to get Miran confirmed in time for the Fed’s rate-setting meeting in two weeks.

Meanwhile, a federal judge has asked lawyers for Lisa Cook, the Fed governor whom Trump is trying to fire, t…