HOW THE FED LOSING ITS INDEPENDENCE COULD AFFECT AMERICANS’ EVERYDAY LIVES
https://s.yimg.com/ny/api/res/1.2/JfzKd0ADMlCQSpb9SK3obg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/ap_finance_articles_694/fe6232d8b5680844a6b7c861a95b204e
✍️ President Trump's attempt to fire a member of the Federal Reserve's governing board has raised concerns about the central bank's independence.
👉 Trump's attempt to fire a member of the Fed's governing board has raised concerns about the central bank's independence. 👉 Economists and legal experts worry that the move could lead to higher inflation and borrowing costs. 👉 The Fed's independence is seen as crucial for making decisions based on economic data rather than political pressure. 👉 Trump's demand for lower interest rates is seen as a threat to the Fed's independence. 👉 Some experts believe that a political Fed could lead to higher inflation.
-- #DonaldTrump #LisaCook #JeromePowell #JonFaust #DouglasElmendorf #RecepTayyipErdogan #LyndonJohnson #WilliamMcChesneyMartin #RichardNixon #ArthurBurns #JaneManners #JDVance #StephenMiran #AdrianaKugler #AdamPosen #Washington #Turkey #NewYork #KansasCity #Atlanta #politics
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