Obamacon Doves vs. Hard-Money Heartland Hawks By Lawrence Kudlow
President Obama has appointed three new doves to the Federal Reserve Board, thereby taking command of the nation's central bank. But there's a split developing inside the Federal Reserve System: The Reserve Bank presidents, appointed by their own district boards of directors, are increasingly likely to wage a battle royale against the central-bank headquarters in Washington and its free-money, ultra-easy policies.