A former top US central banker leapt into the political fray on Tuesday, calling on the Federal Reserve to consider reducing President Donald Trump's chances of being reelected next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said in a Bloomberg opinion column that the Fed should declare that it will not "enable" Trump's trade war by lowering interest rates. The stunning arguments flew in the face of current Fed officials' efforts to maintain political neutrality despite Trump's year-long pressure campaign to demand easier monetary policy.
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Yahoo News - Latest News & Headlines
A former top US central banker leapt into the political fray on Tuesday, calling on the Federal Reserve to consider reducing President Donald Trump's chances of being reelected next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said in a Bloomberg opinion column that the Fed should declare that it will not "enable" Trump's trade war by lowering interest rates. The stunning arguments flew in the face of current Fed officials' efforts to maintain political neutrality despite Trump's year-long pressure campaign to demand easier monetary policy.
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