
Trump Interview Sheds New Light On Fed Policy Pivot, Raises Independence Questions
Donald Trump said so many things on "Meet The Press" last weekend that one of the biggest bombshells went practically uncommented in our world. It turns out he's taking credit for the Fed's unusually abrupt pivot from tightening rates in 2018 to a long pause and then cuts in 2019.
In other words, someone from the White House is claiming to have pushed the theoretically isolated and independent Fed around . . . and that Jay Powell in particular backed down.
Here's the quote: