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Trump's increased intervention in monetary policy has raised credibility issues for The Federal Reserve (FED).
Odaily News Market analysis indicates that Trump's increased intervention in monetary policy has raised credibility issues for The Federal Reserve (FED). Regardless of who ultimately takes over, they may be labeled as "only executing Trump's rate cut orders," breaking the traditional "apolitical" facade of the FED. According to reports, to expand his influence in the short term, Trump is considering appointing a "shadow chairman" before current chairman Powell steps down next year, in order to pressure the FED to cut rates. (Jin10)