Constantin Gurdgiev: The US Fed’s independence is not real
Month after month, the Trump administration has been accelerating its push against the Federal Reserve governance and policies. What started with an idea of forcing the Fed to lower interest rates has now morphed into an assault on the Central Bank’s independence from political control. The president of the United States is not simply trying to compel the Fed to act on its monetary policy, but to take over the Federal Reserve. This is a part of an even broader strategic agenda: President Trump is actively pushing to expand the powers of the presidency over the long-established traditions and the…
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