[Column] Trump's Intervention in the FRB Awaits Terrible Ending - Dudley
It is difficult to intentionally obtain strong authority to control the FRB during a four-year term.
Confusion can occur just by trying, but if successful, the situation is much worse.
The possibility that former US President Trump will return has given rise to uneasy speculations. What would happen if Mr. Trump strengthened his control over the US Federal Reserve System, and the independence of the central bank, which is essential for controlling inflation and maintaining the stability of the US economy, is impaired?
It won't be easy, but it's an absolutely terrifying possibility.
The more independence of central banks increases in monetary policy decisions, the more successful they are in achieving employment and inflation targets. However, Trump has often expressed dissatisfaction with the president's lack of influence on interest rates. It was reported that some supporters formulated plans that could lead to the dismissal of US Federal Reserve (FRB) Chairman Powell and the strengthening of the White House censorship to US Federal Open Market Committee (FOMC) decisions.
Confusion can occur just by trying, but if successful, the situation is much worse.
The possibility that former US President Trump will return has given rise to uneasy speculations. What would happen if Mr. Trump strengthened his control over the US Federal Reserve System, and the independence of the central bank, which is essential for controlling inflation and maintaining the stability of the US economy, is impaired?
It won't be easy, but it's an absolutely terrifying possibility.
The more independence of central banks increases in monetary policy decisions, the more successful they are in achieving employment and inflation targets. However, Trump has often expressed dissatisfaction with the president's lack of influence on interest rates. It was reported that some supporters formulated plans that could lead to the dismissal of US Federal Reserve (FRB) Chairman Powell and the strengthening of the White House censorship to US Federal Open Market Committee (FOMC) decisions.
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183525090 : Even if stock prices skyrocketed temporarily, it would be a disaster you can't even notice after that.
However, I feel that it will be the perfect place to shop at that time.
The world economy will be in turmoil, but it may not be such a bad story for NISA citizens either.