Trump Asserts Presidential Influence Over Federal Reserve Decisions

Former President Trump argues for executive input on interest rates, challenging the Fed's long-standing independence.

Trump claims he has better instincts for monetary policy due to his business success.
He criticizes current Fed Chair Jerome Powell for timing errors in rate adjustments.
Trump's allies propose policy changes to increase presidential control over the Fed.
Economic experts warn that such influence could lead to higher inflation and economic instability.
Historical comparisons are drawn to Richard Nixon's interference with the Fed in the 1970s.