Chair Trump

Published on April 29, 2024 by Premium

A potential Trump Administration looks to fundamentally change the framework of monetary policy by taking a greater role in setting both interest rates and foreign exchange policy. This would be a break from current norms and mark a return to a prior era. The Treasury has set FX policy since the 1934 Gold Reserve Act, though it has not meaningfully exercised that power in recent decades. The Fed has managed interest rates since the Treasury-Fed […]

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