JPMorgan Chase: If Trump is elected, the market may ease pressure on the Fed
According to Odaily, JPMorgan Chase economist Michael Feroli stated that if Trump wins the US presidential election in November, the financial markets may ease any potential pressure he exerts on the independence of the Federal Reserve. Although the Federal Reserve has mechanisms to avoid direct presidential interference, Trump may exert pressure through unconventional means such as replacing the Federal Reserve chairman. Nevertheless, legal experts believe that such a move would be difficult to achieve. Trump has publicly stated that the president should have more say in interest rate policy.
