The Fed's Independence Test: How Trump's Pressure Tactics Threaten Monetary Policy Recent employment data has sent shockwaves through Wall Street, with rate hawks placing a 58.
4% bet on a 25bps hike at this week's Federal Open Market Committee meeting. But as the White House ramps up pressure on Kevin Warsh's central bank, it's clear that there's more to this story than just interest rates.
President Trump's calls for lower interest rates may sound appealing to Americans, but they pose a significant threat to the Fed's independence and its ability to make informed monetary policy decisions.