Why Trump May Leave the Federal Reserve Alone – for Now

During his run for the presidency, Donald Trump made the Federal Reserve a frequent target of his criticism, suggesting that the independent central bank was keeping interest rates low only as a political gesture to President Barack Obama. Trump declared that the stock market was in an over-inflated “bubble” driven by Fed policies, and said Fed Chair Janet Yellen’s decisions have been “political” and not based on good policy. The overt politicization of the country&