Trump's political advisors are developing plans to dramatically increase the President's influence over the Federal Reserve if Trump is re-elected in 2024. The plans are outlined in a secret 10-page document proposing that Trump be consulted on interest rate decisions and oversee the Fed's bond-buying programs through the Treasury Department. The document suggests designating Trump as an "acting" member of the Fed's board of governors, allowing him to influence monetary policy decisions directly.
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00:00 It's Benzinga and here's what's on the block.
00:02 Trump's political advisors are developing plans that would dramatically increase the
00:06 president's influences over the Federal Reserve if Trump was re-elected in 2024.
00:11 The plans are outlined in a secret 10-page document proposing that Trump be consulted
00:16 on interest rate decisions and have oversight of the Fed's bond-buying programs to the Treasury
00:21 Department. The document suggests designating Trump as an acting member of the Fed's board
00:25 of governors, allowing him to directly influence monetary policy decisions. Now, it's unclear if
00:31 Trump would have the legal authority as president to implement such sweeping changes to the Fed's
00:36 structure and mandate. For all things money visit Benzinga.com