Donald Trump’s Fed blitz risks raising US borrowing costs
President’s moves could erode central bank’s credibility and push up long-term inflation and rates, economists say
President’s moves could erode central bank’s credibility and push up long-term inflation and rates, economists say

The president’s intensifying assault on central bank independence risks backfiring

History teaches us that chaos follows when leaders undermine the independence of central banks

A wave of new research suggests Donald Trump is taking significant risks with his assaults on the US Federal Reserve

The central bank does not work properly if a president can bend it to his will

Gap between long-term and short-term borrowing costs is close to its widest for three years

There may be more stress than is apparent, particularly on long-term debt