Trump Pressuring the Fed

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...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 20-2019)
Main Author: Tillmann, Peter
Format: Article
Published: Philipps-Universität Marburg 2019
Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics