Trump’s attempt to control Fed ‘undermines America’, Elizabeth Warren warns
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Senator Elizabeth Warren criticized President Donald Trump's efforts to undermine the independence of the Federal Reserve, asserting that such actions diminish America's standing globally. During her speech at the National Press Club, she emphasized the importance of maintaining the central bank's autonomy. Warren also outlined a vision for the future of the Democratic Party, focusing on economic policies that support this independence.
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The Federal Reserve has historically operated independently from political pressures to ensure unbiased monetary policy. Trump's recent actions, including a criminal investigation into Fed Chair Jerome Powell, have raised alarms among lawmakers about the potential erosion of this independence. Warren's response reflects a strategic positioning of the Democratic Party in the face of these challenges.
This article reflects the opinions of the author and does not necessarily represent the views of The Guardian or its affiliates.
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