Trump administration would pursue ‘course correction’ at Fed
Former Fed adviser says ex-president would try to reform an institution he already sees as politicised
Donald Trump caused concern in the world of central banking on August 8 when he said that, should he win November’s US presidential election, he would expect to have a say in formulating monetary policy.
This would run counter to decades of economic orthodoxy, which states that the Federal Reserve needs to be shielded from short-term political considerations if it is to keep inflation low over the longer term. His opponent, vice-president Kamala Harris, said on August 10 that if she became
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