My Bloomberg Opinion column looks at Senator Warren’s criticism of Federal Reserve chairman Jerome Powell. She thinks he is deliberately trying to engineer a “brutal” recession and wants to throw “millions of Americans out of work.”

This is, fairly obviously, demagogic, which is par for the course for Warren. The underlying ideas are mistaken, too: Tightening monetary policy is sometimes the only morally justified course for a central bank to take, and this is one of those times. If anything, Powell is not tightening fast enough.