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Trump Wants Presidents to Have ‘Some Say’ Over Fed Policy
Posted
August 9, 2024
Views
22,037
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916
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August 9, 2024
22,037
916
98
4.60%
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0:44Now PlayingRepublican nominee Donald Trump said that the president should have “some say” over interest rates and monetary policy, a move that would go against the longstanding practice of the US Federal Reserve being independent of political actors. #politics #trump #harris
“I think that, in my case, I made a lot of money. I was very successful,” Trump said at a press conference Thursday at his Mar-a-Lago club in Palm Beach. “And I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman.”
Trump has frequently expressed frustration that the executive branch does not have more sway over interest rates. On Thursday he criticized Federal Reserve Chair Jerome Powell for being a “little bit too early and a little bit too late” in moving interest rates.
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