Reported about 18 hours ago
A senior economic adviser to President Biden cautioned that Donald Trump’s administration may trigger inflation if it disrupts the Federal Reserve’s autonomy regarding interest rates. Jared Bernstein emphasized the dangers of political influence over the Fed's decision-making and noted that previous administrations have avoided meddling in order to maintain economic stability. Trump's Treasury Secretary nominee, Scott Bessent, asserted that monetary policy decisions should remain independent, yet concerns linger about potential interference as the political landscape changes.
Source: YAHOO