Reported 3 days ago
Republican Senator James Lankford underscored the necessity of an independent Federal Reserve, contrasting with Vice President JD Vance's view that elected officials should influence monetary policy. In a discussion on NBC, Lankford affirmed that while the Fed should be in charge of setting interest rates, the president and Congress have distinct roles in economic policy-making. This conversation comes amid tensions following President Trump's recent firings of Fed officials, which critics argue aim to undermine the Fed's independence.
Source: YAHOO