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Election Stiffens the Fed’s Guardrails, but Independence Risks Remain
Democrats’ Senate control gives them leverage over Fed nominations and oversight, with 54 seats locked up and no vacancies on the board, officials said.
By Howard Schneider WASHINGTON, Nov 4 (Reuters) - Democrats' sweeping midterm victory, and particularly their coming control of the US Senate, strengthen the Federal Reserve against President Donald Trump's efforts to meddle with it, with the Senate's ...
President Donald Trump's campaign to reformulate the Federal Reserve (Fed), the U.S. central bank, and submit the interest policy to his will has now gained a considerable shield after the Democrats gained control of the U.S. Senate on Tuesday. Exclusive subject matter for subscribers. To have full access, access the link of the subject and register.