"Perhaps Trump would instruct his Fed appointees to exercise that power with restraint…But little would stop him from instead treating the bank’s lending power as a bottomless slush fund. He could direct money to favored industries, such as crypto, or even his own businesses. He could reward media outlets that give him favorable coverage, companies that donate to Republican campaigns, and even the budgets of local officials who promote his agenda."
https://www.theatlantic.com/economy/archive/2025/09/trump-federal-reserve-control-unchecked-power/684279/
Anirvan Chatterjee
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2025-09-23 17:45:04 UTC
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2025-09-23 17:45:04 UTCEvent JSON
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