Trump has been putting pressure on his Fed chief for nearly a year — and it’s raising serious questions about how the central bank is supposed to function
|06/23/2019||Posted by BusinessMediaguide.Com under General World News||
- Politicians often like lower interest rates because they can give the economy a lift, shoring up voter support.
- But economists say politicized central banks lead to high levels of inflation and erodes trust among investors and creditors.
- Trump has nevertheless stepped up pressure on the Federal Reserve and its chairman Jerome Powell in recent weeks as his trade policies threaten to hurt the American economy.
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