Did Trump Find a Way to Usurp the Fed’s Monetary Authority?

Did Trump Find a Way to Usurp the Fed’s Monetary Authority?

Counter-cyclical macro policy straight from the Oval Office

Because he believes the American currency is overvalued, Trump is eager to give up the international role of monetary pivot, played by the dollar since 1944.

Donald Trump’s erratic policies at the head of the U.S. are not only a blow to the markets in the shortest term. The most profound consequence of shaking the world’s political and economic board with a tariff war, decisions that change in a matter of hours and interventionism over the most powerful central bank on the planet is the loss of confidence in the strengths of the first global potential. And that includes bringing the all-powerful doll…