An expert at Trump's alma mater sees an obvious starting point for an eventual war on the Federal Reserve
- President Donald Trump has so far mostly respected Federal Reserve independence, but that is likely to change if economic conditions deteriorate, says Wharton Fed watcher Peter Conti-Brown.
- Conti-Brown says Trump's eventual war on the central bank will probably start with a negative report on Fox & Friends, followed by an angry tweet.
- "When that occurs, expect open warfare to be declared," he warns.
It will start with a negative comment on Fox & Friends. And then a presidential tweet.
How the Federal Reserve reacts to an attack from President Donald Trump under the leadership of his own appointee, Jerome Powell, will be a test of the central bank’s hard-fought, always-fragile political independence.See the rest of the story at Business Insider
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