A small group of the former president’s allies has produced a nearly 10-page document outlining a policy vision for the U.S. central bank, the Wall Street Journal reported
The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve’s independence if he wins, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Trump had picked Powell in 2017 to lead the U.S. central bank but turned against him soon after. He said in February that he would not reappoint Powell and believed the Fed chief would lower interest rates to help President Joe Biden’s prospects for re-election. The Trump campaign played down the report on Friday, sharing an earlier statement with Reuters in response.
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