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Fortune
Fortune
Christiaan Hetzner

Trump's demand for influence over the Fed conjures comparisons to Nixon

Republican presidential candidate former President Donald Trump speaks during a press conference at Mr. Trump's Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida (Credit: Joe Raedle—Getty Images)

Donald Trump's assertion that he has a "better instinct" for setting interest rates than the Federal Reserve or its chairman does not appear to have weakened the dollar in the international currency markets.

Markets appear doubtful that Trump could undermine the Fed's independence should he be elected, believing the former president either would not or could not succeed with the plan.

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