Trump's Fed Battle a Matter of Fiscal, Not Just Political, Control

Trump's Fed battle a matter of fiscal, not just political, control

President Donald Trump is once again floating the idea of firing Federal Reserve Chairman Jerome Powell, ostensibly in objection to excessively high interest rates.

The dangers of fiscal dominance

President Trump wants lower interest rates now, but what could that mean for the economy? "Marketplace" host Kai Ryssdal speaks with Neil Irwin at Axios about the implications of Trump's push to cut rates, and why central banks should stay focused on stabilizing the economy, not helping the government manage its debt. Also on the show: One of the pieces passed in the GOP's sweeping budget bill was a measure that would end taxes on tips and overt…

Trump's Struggle With Powell Over Fed Control Is More About 'Fiscal Dominance' Than Political Power

The executive branch wants to use the central bank as a tool to accommodate the government’s frenzy of reckless borrowing.