It did not give a cause. Shultz was a moderate Republican who in a number of economic Cabinet positions during the Nixon presidency advanced affirmative action as redress for discrimination.

This is a tale of a president pressuring the head of the central bank for political reasons. Burns fights it, then capitulates, and it lays the foundation for later inflation.

For the first time since his entry into politics nearly a decade ago, President-elect Trump is enjoying a honeymoon. A CBS News poll finds majorities approving of Trump’s handling of the ...