Wall Street fears Trump may be too dumb to end his trade war before 2020—and in doing so, may trigger a recession
wrote in a scathing opinion piece Monday night that politics and monetary policy need to be kept separate.
The group of former Fed Chairs didn't call out President Trump by name, but he was clearly the target of the warning that it would be unwise for the Central Bank to succumb to short-term political influence. “History, both here and abroad, has shown repeatedly, however, that an economy is strongest and functions best when the central bank acts independently of short-term political pressures and relies solely on sound economic principles and data,” they wrote.
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