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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| Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 20-2019) |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
Philipps-Universität Marburg
2019
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| Subjects: | |
| Online Access: | PDF Full Text |
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| 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. |
|---|---|
| Physical Description: | 8 Pages |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0615 |