Donald Trump’s foolhardy assault on the Federal Reserve
Independence of US central bank is a vital anchor for the global financial system
Independence of US central bank is a vital anchor for the global financial system

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

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

The escalating conflict between the White House and the US central bank could have far-reaching consequences

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

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

President’s moves could erode central bank’s credibility and push up long-term inflation and rates, economists say