Trump's increased monetary policy intervention has raised questions about the Fed's credibility
Internet reports and market analysis pointed out that Trump's increased intervention in monetary policy has caused credibility issues of the Federal Reserve. No matter who eventually takes over, it may be labeled as "just to implement Trump's order to cut interest rates", breaking the Fed's traditional "non-politicized" appearance. According to reports, in order to expand his influence in the short term, Trump is considering appointing a "shadow chairman" before current Chairman Powell steps down next year to pressure the Federal Reserve to cut interest rates.
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