Trump’s Past Battles with the Federal Reserve: A Historical Look at Presidential Power and Central Bank Independence
Trump’s Past Battles with the Federal Reserve: A Historical Look at Presidential Power and Central Bank Independence As the 2024 election cycle continues, a look back at former President Donald Trump’s unprecedented challenges to the Federal Reserve’s independence during his first term offers critical insights into the potential future of economic policy. Trump frequently targeted then-Fed Chair Jerome Powell, publicly demanding interest rate cuts and even threatening his job. This aggressive stance, including a notable handwritten note urging significant rate…