Thomas Drechsel

1 month ago | econofact.org | Thomas Drechsel |Sandra Black |Michael Klein

The independence of the Fed has once again come into heightened focus. Starting his second term, President Trump has shown willingness to publicly criticize the handling of monetary policy, which he also exercised during his first term. In his Davos speech in January 2025, President Trump pledged to “demand that interest rates drop immediately–and likewise, they should be dropping all over the world”.