Michael Feroli, an economist at JPMorgan Chase, said that if Trump wins the US election in November, financial markets may ease any potential pressure he may exert on the independence of the Federal Reserve. Although the Fed has mechanisms to prevent direct presidential intervention, Trump may exert pressure through unconventional means such as replacing the Fed chairman. Nevertheless, legal experts believe that this move is difficult to achieve. Trump has publicly stated that the president should have more say in interest rate policy. #ETH