Trump and Vance Push for Presidential Influence Over Federal Reserve

Proposed changes challenge long-standing independence of the central bank, raising concerns among economists and financial leaders.

Trump and Vance argue that monetary policy should be influenced by political leaders.
Economists warn that such changes could lead to higher inflation and economic instability.
The Federal Reserve's independence is seen as crucial for maintaining global financial confidence.
Vice President Kamala Harris strongly opposes the proposal, emphasizing the need for the Fed's autonomy.
Business leaders stress that independent central banks tend to perform better economically.