Trump "bombards" The Federal Reserve (FED): The Political Manipulation and Economic Calculations Behind It

On April 22, Nick Timiraos, the “mouthpiece of the Federal Reserve”, recently wrote that a series of recent posts by Trump reflect his long-standing view of the Federal Reserve: The Federal Reserve should respond more positively to the president’s demands. The rhetoric of him and other advisers claims that this institution is far from being detached from Washington politics, and that it has long been politicized. According to Trump, Powell was committed to helping Biden during his term and is now unwilling to provide the same support for his own second term agenda. Some analysts say Trump’s attacks on the Fed are nothing more than an attempt to scapegoat the central bank for impending economic weakness. Senator Phil Gramm, Republican of Texas, said: "People can’t help but hope that someone will come to the rescue, or at least find someone to take the blame. Neil Dutta, head of economic research at Renaissance Macro Research, said that Trump and his advisers did not believe that the economy needed to cut interest rates last year, but now needs to cut interest rates more sharply, and this view lacks basic logical consistency.