Trump’s ‘Fiscal Dominance’ Play
https://www.wsj.com/economy/central-banking/trump-federal-reserve-fiscal-dominance-1b74cd09
The president is pressuring the Fed to lower rates to make deficits easier to finance. This could end badly, but for now investors are on board.
https://www.wsj.com/economy/central-banking/trump-federal-reserve-fiscal-dominance-1b74cd09
The president is pressuring the Fed to lower rates to make deficits easier to finance. This could end badly, but for now investors are on board.
The best check on Fed politicization is fear of being judged a failure, says Richard Clarida
https://www.economist.com/by-invitation/2025/06/30/the-best-check-on-fed-politicisation-is-fear-of-being-judged-a-failure-says-richard-clarida
To install a loyalist, Donald Trump will have to overcome barriers in the courts, in Congress and in markets.