Trump’s potential plan for Fed raises alarms

Trump’s Plans for the Fed Make No Sense, Even for Him

An independent central bank is crucial for economic stability and can actually be politically useful to a president.

Trump’s potential plan for Fed raises alarms

Former President Trump's potential plan to exert more influence over the Federal Reserve is alarming experts and investors. The Wall Street Journal reported Thursday that a group of Trump allies is crafting ways to chip away at the independence of the central bank — a constant thorn in the side of the former president — should he be reelected in November. They also argue Trump would have the power to oust Fed Chair Jerome Powell, whom he appoint…

WSJ Reports Trump Allies Drafting Plan to Give Him Control Over Fed If Reelected

Trump recently suggested the Fed's indication that interest rate cuts may be coming soon is a ploy to help Democrats.

Trump allies drafting plans to erode Fed’s independence, WSJ reports

WASHINGTON, April 26 — The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve’s independence if he wins, the Wall Street Journal reported today, citing people familiar with the matter. A small group of the former president’s allies has produced a nearly 10-page document outlining a policy vision for the central bank, according to the report. The group argues that Trump …

Trump allies' plans to erode Fed's independence is 'incredibly dangerous': Semafor's Liz Hoffman

Liz Hoffman, Semafor business and finance editor, joins 'Squawk Box' to discuss reports of Trump allies quietly drafting proposals that would attempt to erode the Fed's independence if the former president wins the 2024 election, how plausible the scenario would be, and more.

Trump allies drafting plans to erode Fed’s independence, WSJ reports

(Reuters) -The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve’s independence if he wins, the Wall Street Journal reported on Thursday, citing people familiar with the matter. A small group of the former president’s allies has produced a nearly 10-page document outlining a policy vision for the central bank, according to the report. The group argues that Trump should…