Implications of Federal Rate Cuts and Fed Independence
TL;DR Summary
The article discusses Donald Trump's dangerous attempts to undermine the Federal Reserve's independence by pressuring it to cut interest rates and firing a Fed governor, actions that could lead to higher inflation, economic instability, and long-term damage, echoing historical examples of political interference in central banks.
- Why Trump’s attacks on the Fed’s independence are so dangerous | Steven Greenhouse The Guardian
- Fed announces first rate cut in nine months, signals more reductions to come CNN
- Opinion | An Independent Fed Is an Unaccountable Fed The New York Times
- Here are the 3 biggest ways the federal interest rate cut could impact your money CBS News
- Rate cut underscores limits of Trump’s influence on Fed independence, for now The Washington Post
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