Trump's US presidential election victory casts shadow over Federal Reserve

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Trump's US presidential election victory casts shadow over Federal Reserve - Business Standard

Quick Summary:

In an October interview with Bloomberg News Editor-in-Chief John Micklethwait, Trump subsequently said he doesn’t think he should be able to order the Fed what to do, but has the right to comment on the direction of interest rates.

Powell and other officials have repeatedly assured the public they aim to stay out of partisan politics and don’t take political considerations into account when setting monetary policy.

During Trump’s first term, he explored firing Powell, a move that would have been unprecedented and legally questionable, according to legal scholars.