Trump's Stance on Federal Reserve Influence

Donald Trump, U.S. Republican presidential candidate, believes he has the right to influence the Federal Reserve on interest rate decisions if elected, though he would not mandate such actions. He expressed his views during an interview with Bloomberg News at the Chicago Economic Club.


Devdiscourse News Desk | Washington DC | Updated: 15-10-2024 23:05 IST | Created: 15-10-2024 23:05 IST
Trump's Stance on Federal Reserve Influence
Donald Trump
  • Country:
  • United States

In a recent statement, U.S. Republican presidential candidate Donald Trump asserted that if elected, he believes he would have the authority to influence the Federal Reserve on interest rate decisions.

Speaking at the Chicago Economic Club during a Bloomberg News interview, Trump clarified that while he would not issue direct orders, he felt entitled to offer suggestions.

Trump indicated that his comments would imply whether interest rates should rise or fall, underlining his perspective on presidential influence over monetary policy.

(With inputs from agencies.)

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