EDITORIAL: Dear Fed: On interest-rate hike, heed data, not Trump

Dec. 18– Ever since breaking the inflationary cycle that hammered average Americans in 1979, the Federal Reserve board generally has been lauded for its technocratic competence. But the bold interventions of Greenspan’s successor, Ben Bernanke– pumping money into the economy through “quantitative easing”– stabilized and revived the U.S. economy.