Trump's judicial pressure on the Federal Reserve is both shortsighted and contrary to American consensus, a purely unnecessary political farce.
With only a few months left in Powell's term, Trump could have normally nominated trusted allies to lead the Fed after the transition, but he insisted on using Department of Justice subpoenas to investigate him, claiming it was for congressional testimony and office renovations, but in reality, it was because the Fed refused to cut interest rates significantly as he demanded. Essentially, it is an executive power coercing an independent institution. The independence of the Federal Reserve is central to monetary policy stability and financial market confidence. This investigation directly undermines this cornerstone. This move also contradicts bipartisan consensus, with both Senate parties condemning it. Voters resent this dictatorial power threat, Trump's approval ratings are declining, middle voters are drifting away, and support for economic policies has hit a new low. He could have simply managed normal personnel changes, but he chose to undermine the system, damaging the Fed's independence, losing support, and potentially destroying market confidence. #Gate储备金报告 $BTC
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Trump's judicial pressure on the Federal Reserve is both shortsighted and contrary to American consensus, a purely unnecessary political farce.
With only a few months left in Powell's term, Trump could have normally nominated trusted allies to lead the Fed after the transition, but he insisted on using Department of Justice subpoenas to investigate him, claiming it was for congressional testimony and office renovations, but in reality, it was because the Fed refused to cut interest rates significantly as he demanded. Essentially, it is an executive power coercing an independent institution.
The independence of the Federal Reserve is central to monetary policy stability and financial market confidence. This investigation directly undermines this cornerstone.
This move also contradicts bipartisan consensus, with both Senate parties condemning it. Voters resent this dictatorial power threat, Trump's approval ratings are declining, middle voters are drifting away, and support for economic policies has hit a new low.
He could have simply managed normal personnel changes, but he chose to undermine the system, damaging the Fed's independence, losing support, and potentially destroying market confidence. #Gate储备金报告 $BTC