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Trump, Vance double down on call for presidential influence on Fed policy
When it comes to raising and lowering interest rates, Republican presidential nominee Donald Trump says the president should “at least have a say.”
“They’ve gotten it wrong a lot,” Trump said of the Federal Reserve’s decision-making during a news conference Thursday at his Mar-a-Lago residence in Florida.
“In my case, I made a lot of money, I was very successful, and I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman,” Trump said.
Sen. JD Vance of Ohio, the Republican vice presidential nominee, echoed this opinion in a CNN interview that aired Sunday, saying that interest rate policy “should fundamentally be a political decision.”
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Also over the weekend, Vice President Kamala Harris told reporters in Arizona that she “couldn’t … disagree more strongly” with Trump’s suggestion that the president should have a voice in the central bank’s monetary policy moves.
“The Fed is an independent entity, and as president, I would never interfere in the decisions that the Fed makes,” Harris said.
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