The Most Toxic Relationship in Washington
The Daily
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The Tension Between Power and Independence
This chapter explores the complicated relationship between the President of the United States and the Chair of the Federal Reserve, focusing on the impact of their interactions on monetary policy and the economy. It highlights the historical tensions during the Trump administration, particularly concerning interest rate control and the Fed's independence. As the narrative unfolds, it reveals how political motivations and crises, such as the COVID-19 pandemic, shape the dynamics between political leadership and economic governance.
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