Dokument
| Titel: | Trump Pressuring the Fed |
| Autor: | Tillmann, Peter |
| Veröffentlicht: | 2019 |
| URI: | https://archiv.ub.uni-marburg.de/es/2024/0615 |
| DOI: | https://doi.org/10.17192/es2024.0615 |
| ISSN: | 1867-3678 |
| DDC: | 330 Wirtschaft |
| Publikationsdatum: | 2024-01-19 |
| Lizenz: | https://creativecommons.org/publicdomain/mark/1.0 |
| Schlagwörter: |
|---|
| monetary policy, political economy, central bank independence, Federal Reserve, yield curve |
Summary:
After appointing Federal Reserve Chairman Powell, President Trump steadily
put pressure on the Fed to cut interest rates. We show that, on average, a
statement from Trump led to lower long-term interest rates, consistent with
expectations of lower expected future short rates. However, the impact of
Trump's statements declined over time.
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