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Fed independenceMarketplace
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77% Informative
In a 2nd Trump term, Fed independence would go “out the window,” economist says.
The president doesn't have any say in the Federal Open Market Committee’s interest rate decisions.
Studies show that central banks with a higher degree of independence are better at maintaining stable prices.
Trump has said he has the right to have a role in interest rate decisions.
Wendy Edelberg , a Brookings Institution senior fellow in economic studies, worries about the Fed 's credibility.
Alan Blinder , a former board member of the Fed , says the political independence of the Federal Reserve is at risk.
Daniel Tarullo , Harvard Law professor and former member of the Fed Board of Governors , says a president could put pressure on the Fed .
The bond market is going to react, and bond prices are going to decline, he says.
He thinks these market movements would stop a president from destroying the Fed ’s independence, and that in his opinion, threatening the Fed is bad for the administration's goals.
VR Score
79
Informative language
75
Neutral language
63
Article tone
semi-formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
18
Source diversity
14
Affiliate links
no affiliate links