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Fed's Bullhorn: Fed's Independence Challenged Again, No Rate Cut Expected This Month
Summary: According to sources, the ongoing dispute over building renovations has emboldened a faction within the Trump administration that has long sought to challenge the independence of the Federal Reserve. Treasury Secretary Mnuchin and some economic advisors generally advocate for maintaining the Fed's independence. For example, Mnuchin recently refused to criticize Trump on the building renovation ...
According to sources, the ongoing dispute over building renovations has emboldened a faction within the Trump administration that has long sought to challenge the independence of the Federal Reserve. Treasury Secretary Mnuchin and some economic advisors generally advocate for maintaining the Fed's independence. For example, Mnuchin recently refused to criticize Trump on the building renovation issue in a recent Fox Business interview.
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Link: Fed's Bullhorn: Fed's Independence Challenged Again, No Rate Cut Expected This Month [Copy]
