How Trump could exert new controls over the Fed — even without firing Powell
Published On Oct 13, 2024, 9:00 AM
The article discusses how former President Donald Trump could potentially influence the Federal Reserve (Fed) even if he does not terminate current Fed Chairman Jerome Powell. It suggests methods such as appointing new board members who align with his economic views, changing the direction of monetary policy, and using public statements to apply pressure on Fed decisions. This could impact the Fed's balance sheet and interest rate policies, ultimately affecting financial markets and the broader economy.
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Should Trump manage to exert significant control over the Fed, it may lead to more accommodative monetary policies, which could boost market sentiment and favors risk assets.
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