Why Trump and the Federal Reserve could clash in the coming years

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Why Trump and the Federal Reserve could clash in the coming years

^{Published on 2024-12-05 07:32:16 - Brian Stokes, N@N}

President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households. But what if, as many economists expect,

The article from MSN discusses the potential for conflict between former President Donald Trump and the Federal Reserve in the coming years, particularly if Trump were to return to office. It highlights Trump's historical criticism of the Federal Reserve, especially his frustration with its interest rate policies under Chairman Jerome Powell, whom Trump appointed but later criticized for not lowering rates enough to boost the economy. The piece notes that Trump's economic philosophy leans towards lower interest rates to spur growth, which often conflicts with the Fed's mandate to manage inflation and employment. If Trump were to win the presidency again, there could be increased pressure on the Fed to align with his economic policies, potentially leading to a clash over monetary policy independence. This tension could be exacerbated by Trump's tendency to publicly criticize and attempt to influence the Fed, challenging its autonomy and possibly leading to significant political and economic repercussions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/why-trump-and-the-federal-reserve-could-clash-in-the-coming-years/ar-AA1vjmpL ]

Contributing Sources

Brian Stokes