President-elect Donald Trump’s stunning November 5 victory has initiated a wave of what-if scenarios in the realm of economics, foreign policy, health care, and everything else the federal government has become a fixture of. One area that should be popcorn entertainment for economists, business reporters, and Wall Street watchers will be the Federal Reserve. Whether in his first four years residing in the White House or on the 2024 campaign trail, Trump has been a vocal critic of the world’s most powerful institution. Is the Fed poised for an overhaul under a second Trump term?
Federal Reserve Attends Trump University
In November 2017, Trump appointed Jerome Powell to helm the Federal Reserve, succeeding Janet Yellen. The move was surprising at the time as many had expected chief Trump economic advisor Gary Cohn or former Fed Gov. Kevin Warsh to…
