Trump Wants Presidents to Have Some Say Over Interest Rates
- Former president says his instincts better than Fed officials’
- Trump says Fed has moved rates too early, then too late
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Republican nominee Donald Trump said that the president should have some say over interest rates and monetary policy, a move that would go against the longstanding practice of the US Federal Reserve being independent of political actors.
“I think that, in my case, I made a lot of money. I was very successful,” Trump said at a press conference Thursday at his Mar-a-Lago club in Palm Beach. “And I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman.”