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International Business Times

Business

Independence Of Central Banks Tested By Trump Attacks On US Fed

US Federal Reserve Donald Trump United States ING Jerome Powell the Federal Reserve Carsten Brzeski ECB Interest Rates Capital Economics

Trump has repeatedly attacked the US central bank, including Fed chair Jerome Powell (R) (Credit: AFP)

For months, US President Donald Trump has been piling pressure on the Federal Reserve over delayed cuts to interest rates, casting the institution's independence into doubt.

Trump's recent attacks have caused quite a stir as central bank independence is considered a key factor in protecting price stability and investor confidence in a country's economy.

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One subscription that gives you access to news from hundreds of sites

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