Time for Democrats to panic about the Fed

Thanks to Obama's inaction and Republican intransigence, President Trump now has an unprecedented chance to decide the future of America's central bank

Democrats need to be worried about jobs.

The Federal Reserve is one of the most powerful government entities in existence, with far-reaching abilities to shape the U.S. economy. The ideological and partisan disagreements over how it should conduct policy are wide and deep. Yet its staffing is usually carried out with with little political fanfare.

Now that we're in the era of President Trump, it's time for the Democrats to pick a fight.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.