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Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

From cnbc.com

Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a plan that could make him an “acting” central bank board member, according to a Wall Street Journal report. The plans, which the Journal report described as highly secretive, are part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions. In addition, the Treasury Department would be used as an added check and balance to oversee the Fed’s bond-buying activities. Along with those proposals, the draft contends ... (full story)

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  • Category: Fundamental Analysis