During a recent Federal Reserve meeting in Washington D.C., in early 2023, the Trump administration asserted significant control over the Federal Reserve system. The administration expressed concerns regarding the Governor’s actions and announced a planned intervention to address perceived policy shortcomings. The administration stated it intends to exert influence over the Governor’s decisions and is seeking to ensure the stability of the financial system. The specific details of the proposed action remain unclear, but the statement signals a deliberate effort to shape the Fed’s approach.
Credits: NYT > Top Stories