Is Donald Trump undermining the Fed’s independence?
Persistent commentary could impact policy-making, but dialogue is necessary, says one observer
President Donald Trump said this week the Federal Reserve is his “biggest threat”, as he escalated his criticism of the central bank’s monetary tightening.
The remark is the latest in a run of commentary from the president, raising questions about the Fed’s independence.
“The Fed is raising rates too fast and it is independent so I don’t speak to them,” Trump told Fox News. But he added: “I’m not happy with what [Fed chair Jerome Powell] is doing”, describing recent inflation statistics as
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