US Fed should help defeat Trump in 2020: ex-Fed member

A former top US central banker leapt into the political fray on Tuesday, calling on the Federal Reserve to consider reducing President Donald Trump's chances of being reelected next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said in a Bloomberg opinion column that the Fed should declare that it will not "enable" Trump's trade war by lowering interest rates. The stunning arguments flew in the face of current Fed officials' efforts to maintain political neutrality despite Trump's year-long pressure campaign to demand easier monetary policy.

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REPORT: Furious Spike Lee Paces Aisle, Turns Back To Stage...

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The Ugly History of Dual-Loyalty Charges

When Representative Ilhan Omar recently complained about “the political influence in this country that says it is okay to push for allegiance to a foreign country,” many noted accurately that she had deployed a trope—dual loyalty—that had been used against Jews for years. But this accusation has a broader history in the United States, having been used against several religious minorities—including Muslims like Omar. Indeed, many battles over religious freedom have revolved around dual-loyalty claims. [ Read: Ilhan Omar just made it harder to have a nuanced debate about Israel ] In the 19th century, many attacks on Catholics stressed that these immigrants were pawns of a foreign power. In the 1830s, Samuel Morse—then a prominent painter and later the inventor of the telegraph—urged Americans to build “walls” and “gates” to keep out Catholic immigrants, who would always be loyal to Rome. Because these Catholic immigrants were decrepit —“halt, and blind, and naked”—they were easy to co...

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