Trump vs. Fed: Allies plan for Trump to have more control over interest rates

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Trump vs. Fed: Allies plan for Trump to have more control over interest rates

An exclusive report from The Wall Street Journal claims that Donald Trump's allies are drawing up plans to dull the Federal Reserve’s independence if the former president wins another term. Trump repeatedly clashed with the central bank during his four years in the White House. According to the Journal, these allies think the president should be consulted on interest-rate decisions and have the power to oust Jerome Powell before his term as Fed…