Reported about 5 hours ago
Donald Trump's potential presidency could significantly alter the Federal Reserve's independence without directly firing Chairman Jerome Powell. Despite claiming to distance himself from extreme actions, Trump and his advisers have explored ideas such as appointing a 'shadow' Fed chair and implementing proposals from the 'Project 2025' blueprint, which aims to limit the Fed's powers. This discussion emerges alongside Trump's criticism of the Fed for its handling of interest rates, highlighting a central tension in the upcoming election regarding the relationship between the White House and the Federal Reserve.
Source: YAHOO