Trump's Plan to Influence Federal Reserve Raises Concerns

A leaked document suggests former President Trump may seek to undermine the Federal Reserve's independence if reelected, alarming experts and markets.

Trump allies reportedly have a draft plan that could give the former president control over Federal Reserve decisions, challenging the institution's longstanding independence.
The plan includes potential measures like consulting Trump on interest rate decisions and giving the White House more authority over Fed regulations.
Experts warn that such moves could harm the U.S. financial system and its global role, potentially triggering market instability.
Legal challenges and opposition in Congress could obstruct Trump's intentions, as previous attempts to influence the Fed have been thwarted.
The Federal Reserve's independence has been a cornerstone of U.S. economic policy, preventing political interference in monetary decisions.