Former President Donald Trump has intensified pressure on Federal Reserve Chair Jerome Powell by demanding lower interest rates, bringing the concept of 'fiscal dominance' into focus within financial markets. Trump's continued criticism of Powell and involvement in the Federal Reserve chair selection process suggest a strategic effort to influence U.S. monetary policy. Analysts and market observers have noted that these actions could undermine the Federal Reserve's independence and threaten the stability of the U.S. economy. The discourse around Trump's approach highlights concerns about a potential shift in monetary policy control aligned with his political agenda.
Trump's interest rate demands put 'fiscal dominance' in market spotlight https://t.co/i7VTiRqm8k https://t.co/i7VTiRqm8k
How Trump is using the Fed chair selection process to pressure Powell to lower rates https://t.co/ZL6ZwyjJHA
How Trump is using the Fed chair selection process to pressure Powell to lower rates @grobb2000 https://t.co/n0dlizYnEI via @MarketWatch