Opinion | Vivek Ramaswamy Takes on the Fed
The role of the central bank in our economy is a presidential-level issue.
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Mr. Ramaswamy’s proposal instead would be for the Fed to focus more directly on dollar stability with reference to a basket of commodities. This would be easier to track in real-time and also would help the dollar become a stable basis for global trade again.
This is an economic debate that deserves to be part of the presidential campaign. Florida Gov. Ron DeSantis has also criticized the Fed, though so far without Mr. Ramaswamy’s specificity. Perhaps he will get there. The issue sets them apart from Donald Trump, who is an easy-money man and appointed Fed Chairman Jerome Powell. If Mr. Ramaswamy doesn’t get the GOP presidential nod, the nominee should keep him in mind to run Treasury.
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