Trump is playing a dangerous game with the Federal Reserve

“I made a lot of money, I was very successful,” said Donald Trump, when asked if he felt the president should have a direct say in the Federal Reserve’s policy decisions. “I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman.” We’ve been here before. Prior to Liz Truss’s disastrous 2022 mini-budget, she sidelined the Office for Budget Responsibility and wanted to review the Bank of England’s independence, convinced that their groupthink made them unable to grasp how her radical...