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International Business Times
International Business Times
Business
Daniel AVIS, Julie CHABANAS

Trump Victory Poses Challenges For The Fed's Independence

US Federal Reserve Donald Trump Jerome Powell United States White House David Wilcox Inflation Steve Englander Unemployment
The Fed has a complex structure that helps shield it from political pressure (Credit: AFP)

Donald Trump's return to the White House could put the independence of the US Federal Reserve under strain, potentially weakening its ability to fight against inflation and unemployment free from political interference.

The Fed has a dual mandate from Congress to act independently to tackle both inflation and unemployment -- primarily by raising and lowering interest rates.

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