Trump Allies Want Fed Answer­able To Him If He’s Elect­ed: Report

Some sup­port­ers of for­mer Pres­i­dent Don­ald Trump are push­ing for the Fed­er­al Reserve Board to be more answer­able to the pres­i­dent, hop­ing that if Trump is elect­ed in Novem­ber he can influ­ence the Fed’s poli­cies, accord­ing to The Wall Street Jour­nal (WSJ).
Some sug­ges­tions report­ed­ly include the Fed con­sult­ing the pres­i­dent on inter­est rate changes, mak­ing Fed reg­u­la­tions sub­ject to a review from the White House, and hav­ing the Fed mon­i­tored by the Trea­sury Depart­ment, a part of the exec­u­tive branch. Although Fed chair­man Jerome Powell’s term expires in 2026, the group would allegedl …