Why Trump’s Approach Toward the Fed May Be Different This Time
Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Thursday, Nov. 7, 2024.
Photographer: Ting Shen/BloombergI’m Chris Anstey, an economics editor in Boston, and today we’re looking again at the issue of the incoming president and the Fed. 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.
It is probably fair to say that the current conventional wisdom is that Trump will put pressure on the Federal Reserve to lower borrowing costs after he takes office — seeking to boost growth and deliver on his campaign pledge to spur the economy.