Trump Accused of Using Economy as Leverage to Pressure Fed
President Donald Trump's economic policy has been scrutinized for its unconventional approach to monetary policy. According to an editorial published in The Washington Post on September 4, Trump's preferred method of addressing economic issues is simple: cut interest rates when the economy is sluggish and again if it's heating up.
The editorial states that this approach has recently gained a new addendum: using the economy as leverage to pressure the Federal Reserve into compliance. The editorial warns that this tactic is tantamount to extortion, aiming to hold the economy hostage until the Fed meets Trump's demands.