Trump Seeks to End Independence of FED

[WakeForestRanger]

“If you think it was a subject upon which he delicately danced around, then you’d be mistaken. It was certainly top of mind to the president,” Warsh said about Trump’s questioning on interest-rate policy. “The president has a view about asset prices and stock markets. He has a view based on his long history in his prior life as a developer and real estate mogul of the role of interest rates.”

Warsh added that he did not have the impression that Trump viewed the central bank as an independent organization meant to make decisions in the best long-term interests of the economy rather than at the bidding of the White House or any other political institution. “In some sense the broader notion of an independent agency, that’s probably not an obvious feature to the president,” he said.

Asked if the president appeared to understand the historical importance of the Fed’s independence from partisan political pressure, Warsh said: “This might be a good time for a no comment.”

 

[06deacon]

He probably just doesn't know. As usual.

 

[Shooshmoo]

What a fucking shit tornado.

 

[Lectro]

Donald Trump has forgotten more about business and economics that the entirety of this lousy outlier web site has ever known

 

[Lectro]

Yea, a government agency with no government oversight or accountability.

Jesus, WF produces some mindless shit-hats

 

[PhDeac]

ITT Republican calls for more government oversight and accountability

 

[Lectro]

Yep, PH..per usual it is only the Pubs who are interested in accounting for money

 

[PhDeac]

Yep, PH..per usual it is only the Pubs who are interested in accounting for money

Usually they aren't. Usually they want to abolish the Fed.