EXCERPT:
COLBERT: “Powell being charged by the Trump Administration set off alarm bells everywhere. This morning, we got an open letter from top economic policy experts saying that pressuring Powell with criminal charges is “How monetary policy is made in emerging markets with weak institutions, with highly negative consequences for inflation and the functioning of their economies more broadly.” The letter was signed by every living former fed chair. Okay. But what do they know about money? Have they ever correctly identified a giraffe on a cognitive test? Huh? Huh? Have they? Have they? Do we know? We don’t know.”