Is Donald Trump undermining the Fed’s independence?

Donald Trump
Donald Trump
Gage Skidmore (https://bit.ly/3IYY8Dm)

President Donald Trump said this week the Federal Reserve is his “biggest threat”, as he escalated his criticism of the central bank’s monetary tightening.

The remark is the latest in a run of commentary from the president, raising questions about the Fed’s independence.

“The Fed is raising rates too fast and it is independent so I don’t speak to them,” Trump told Fox News. But he added: “I’m not happy with what [Fed chair Jerome Powell] is doing”, describing recent inflation statistics as

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