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The Erosion of the Sources of American Economic Power: A Conversation With Lael Brainard
In the past year, Donald Trump has upended the global trading system and used American economic power like no president in recent memory. He’s imposed tariffs to force other countries to fall into line on commercial issues and geopolitical disputes—like this week’s threats against NATO partners over Greenland. He’s called into question the role of the dollar. And at home, he’s attacked the independence of the Federal Reserve and intervened in private-sector decision-making.
Lael Brainard served as director of the National Economic Council in the Biden administration and, before that, as vice…
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