Why Are Financial Markets Shrugging at Trump’s War on the Fed?

Trump's push to assert control over independent agencies may reach a limit

President Donald Trump may have reduced the powers of independent agencies, but it's unclear if he'll succeed in gaining more control over the Federal Reserve

How Trump’s latest target could repel 'senior voters' in midterms

Hedge fund billionaire Ken Griffin and Chicago Booth Business School professor Anil Kashyap called Trump’s bid to seize control of monetary policy a “risky game” akin to a policy by former President Richard Nixon, which kicked off 1970s stagflation that helped undo at least two presidential administrations following him.By removing veterans on the Fed, including Fed Chair Jerome Powell, Trump hopes to install allies who will slash interest rates…

Why Are Financial Markets Shrugging at Trump’s War on the Fed?

Few laws of economics are better established than the proposition that central banks independent from politics do a better job of implementing monetary policy. So why are financial markets responding to Donald Trump's attacks on the US Federal Reserve so calmly?