President Trump's recent Tweets expressing displeasure with the Federal Reserve's interest rate increases led to accusations that President Trump is undermining the Federal Reserve's independence.
President Warren Harding called on the Fed to lower rates.
Significant rate increases could make it impossible for the government to service its existing debt, thus making it difficult for President Trump and Congress to continue increasing welfare and warfare spending.
Two of the three sitting members of the Fed's board were appointed by President Trump.
By the end of his first term, President Trump could appoint six of the Federal Reserve's seven board members.
Given the Federal Reserve's power to help or hinder a president's economic agenda and reelection prospects, it is no surprise that presidents try to influence Fed policy.
Instead of worrying about protecting the Fed from President Trump, we should all worry about protecting the American people from the Fed.
https://www.zerohedge.com/news/2018-07-31/ron-paul-trumps-tweets-end-myth-fed-independence
President Warren Harding called on the Fed to lower rates.
Significant rate increases could make it impossible for the government to service its existing debt, thus making it difficult for President Trump and Congress to continue increasing welfare and warfare spending.
Two of the three sitting members of the Fed's board were appointed by President Trump.
By the end of his first term, President Trump could appoint six of the Federal Reserve's seven board members.
Given the Federal Reserve's power to help or hinder a president's economic agenda and reelection prospects, it is no surprise that presidents try to influence Fed policy.
Instead of worrying about protecting the Fed from President Trump, we should all worry about protecting the American people from the Fed.
https://www.zerohedge.com/news/2018-07-31/ron-paul-trumps-tweets-end-myth-fed-independence
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