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Trump Wants a 3-Point Fed Rate Decrease. But You Can't Always Get What You Want.
The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel the central bank to lower its benchmark interest rate. The Fed has the right to act independently, and its aim is to promote a healthy and stable economy by keeping inflation in check.
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Trump's Pressure on Jerome Powell to Resign from the Fed ContinuesTrump's push to oust Jerome Powell over interest rates and Fed renovation costs highlights growing tensions around economic ...
The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks ...
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