The Wall Street Journal.: Trump Allies Draw Up Plans to Blunt Fed's Independence

[mahatmakanejeeves]

Hat tip, Joe.My.God.

MAGA Plan Would Have Trump Set Fed’s Interest Rates
April 26, 2024

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EXCLUSIVE

Trump Allies Draw Up Plans to Blunt Fed’s Independence

Some Trump advisers argue that the president should be consulted on interest-rate decisions

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A policy vision for the Federal Reserve is outlined in a draft document. MORIAH RATNER/BLOOMBERG NEWS

By Andrew Restuccia,
https://twitter.com/andrewrestuccia
[e-mail]
Nick Timiraos
https://twitter.com/NickTimiraos
[e-mail]
and Alex Leary
https://twitter.com/learyreports
[e-mail]
April 25, 2024 9:00 pm ET

WASHINGTON—Donald Trump’s allies are quietly drafting proposals that would attempt to erode the Federal Reserve’s independence if the former president wins a second term, in the midst of a deepening divide among his advisers over how aggressively to challenge the central bank’s authority.

Former Trump administration officials and other supporters of the presumptive GOP nominee have in recent months discussed a range of proposals, from incremental policy changes to a long-shot assertion that the president himself should play a role in setting interest rates. A small group of the former president’s allies—whose work is so secretive that even some prominent former Trump economic aides weren’t aware of it—has produced a roughly 10-page document outlining a policy vision for the central bank, according to people familiar with the matter.

{paywall}

[JohnSJ]

1. ABSOLUTELY NOT!!! If the F**KING morons in this country end up electing the fascist orange dictator

the country will be so over.

[Firestorm49]

2. Trump having influence on the Central Bank? Lord save us all! This guy doesn't even know how to feed a parking

meter, much less have a say on how interest rates affect the lives of lower to middle class citizens.

[bucolic_frolic]

3. You want to destroy the currency and economy, THAT is the solution.

The path to freedom and free markets does not run through Dictatorship Central Planned Economy.