Trump Urges More Fed Influence

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Federal Reserve

Fortune

•

Donald Trump thinks he should be able to influence Fed rates—here’s what history and the law say

Summary

Nutrition label

82% Informative

Former President Donald Trump said he should have more influence over interest rates.

Trump 's comments were brushed off by some in the financial world, but other major players were quick to condemn the idea that the Fed should be less independent.

A president in control of the Fed could mean that political motivations like reelection could be staked above economic data.

“If the president and the Congress together believe that some powers need to be changed, then they can do that, but it has to be a legislative process,” he said. A version of this story originally published on Fortune.com on August 11, 2024 . This story was originally featured on Fortune.com .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful