Do Trump/Doge materially threaten the Federal Reserve?
Experts weigh in on the danger levels for the US central bank, including whether it is overstaffed
The US Federal Reserve faces encroaching pressure from the Trump administration and its ‘special government employee’ Elon Musk, the billionaire who leads the new Department of Government Efficiency (Doge). Trump appears to believe he should be involved in setting interest rates, operations that for decades have been the preserve of an operationally independent central bank. Musk’s concerns appear to be twofold – the Fed should be audited and the central bank is overstaffed.
Trump’s criticism
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