Politics and The Fed
08/27/2019
The Federal Reserve and in particular its monetary policy setting Federal Open Market Committee have long been considered apolitical. Being relatively free from political pressures allows the Fed to focus on their congressional mandates of full employment and stable prices, pursuing the course they believe will be best for the economy at large. Historically, most presidents have kept a respectable distance. President Trump has not followed that path and has been very public with his criticism of the Fed and its chair, believing the Fed has kept interest rates too high.
