Yes, the Fed Is a Failure

Governor DeSantis recently took aim at the Federal Reserve, presumably to bolster his national-issues profile ahead of announcing a run for the presidency, which he is expected to do in May. He lambasted both Chairman Powell’s leadership and the nascent moves towards a central bank digital currency (CBDC). DeSantis apparently wants to demonstrate his populist bona fides. He may even be trying to recapture some of the energy of Ron Paul’s “End the Fed” campaign from more than a decade ago.