Trump’s Fight With the Fed Won’t End With Rate Cuts
The New York TimesThursday, July 31, 2025 at 11:53:56 AM
Even if the Federal Reserve decides to cut interest rates—something former President Trump has loudly pushed for—his ongoing feud with the central bank isn’t likely to fade. The tension runs deeper than just policy disagreements, reflecting a broader clash over the Fed’s independence and Trump’s confrontational style with institutions that don’t align with his agenda.
Editor’s Note: This isn’t just about interest rates—it’s about whether the Fed can stay insulated from political pressure. If a future administration keeps undermining its independence, it could shake confidence in how major economic decisions are made, which affects everything from your mortgage rates to your 401(k). That’s why this fight matters beyond the headlines.
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