Suddenly the Democrats Want an Independent Fed

They politicized the central bank under Obama and Biden, including by appointing Lisa Cook.It’s hard not to gag over the dirges in the press for the Federal Reserve’s “independence.” Or the encomiums to Gov. Lisa Cook, the Biden appointee President Trump fired last week, who has become a martyr for a cause Democrats didn’t much care about when they were in charge of Washington. “How the Future of the Fed Came to Rest on Lisa Cook” was a front-page New York Times headline on Saturday. Please. Democrats during the Obama and Biden presidencies tried to co-opt the central bank to...