Fed Becomes Campaign Issue as Trump, Vance Seek Political Input

I’m Chris Anstey, an economics editor in Boston, and today we’re looking at how the Fed has become a US election campaign issue. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

When the Labour party won its first UK election in the better part of two decades in 1997, it swiftly swept aside doubts about its economic stewardship with a surprise move: it granted the Bank of England power over interest rates. This would set monetary policy free from “party political pressures,” then-Chancellor Gordon Brown declared.