Trump Team Weighing Options to Extend Influence to Fed Banks
The Trump administration is considering ways to increase its influence over the Federal Reserve's 12 regional banks, according to sources familiar with the matter. This effort would potentially go beyond the administration's ability to make personnel appointments in Washington. The goal is to expand the administration's influence over the central bank, which has traditionally operated with a high degree of independence. However, details on the specific options being explored are not yet clear. The administration's desire to have more sway over the Fed's regional banks reflects its broader efforts to assert greater control over the U.S. monetary policy and the economy. The potential move is likely to raise concerns about the Fed's independence and the potential politicization of monetary policy decisions.
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