Trump on the Fed

The Republican candidate makes it clear that he wants a say in monetary policy.

Drew Angerer/Getty Images
President Trump announces his nominee for the chairman of the Federal Reserve, Jerome Powell, November 2, 2017. Drew Angerer/Getty Images

President Trump is sparking a renewed wave of criticism for wanting “at least say” in setting interest rates. It could “rekindle fears” that he “might try to influence the politically independent” Fed, the Times cavils. This misses the point that a free-wheeling Fed is itself the Constitutional aberration. The Founders granted all the monetary powers of the federal government to elected officials and meant the president to have at least some say in policy questions.

Have an account? Log In

To continue reading, please select:

Limited Access

Enter your email to read for FREE

Get 1 FREE article

Continue with
or
Unlimited Access

Join the Sun for a PENNY A DAY

$0.01/day for 60 days

Cancel anytime

100% ad free experience

Unlimited article and commenting access

Full annual dues ($120) billed after 60 days

By continuing you agree to our
Privacy Policy and Terms of Service.
Advertisement
The New York Sun

© 2025 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  Create a free account

or
By continuing you agree to our Privacy Policy and Terms of Use