Trump Allies Want Fed Answerable To Him If He’s Elected: Report
Posted on AllSides April 26th, 2024
From The Right
Some supporters of former President Donald Trump are pushing for the Federal Reserve Board to be more answerable to the president, hoping that if Trump is elected in November he can influence the Fed’s policies, according to The Wall Street Journal (WSJ).
Some suggestions reportedly include the Fed consulting the president on interest rate changes, making Fed regulations subject to a review from the White House, and having the Fed monitored by the Treasury Department, a part of the executive branch. Although Fed chairman Jerome Powell’s term expires in 2026, the group...
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