news

Cailianshe News, August 12 (Editor: Ma Lan)The Trump camp has stepped up its attacks on the Federal Reserve. After he threatened to intervene in the Fed's monetary policy, his deputy Vance also began to emphasize that the Fed's interest rate policy should be a political decision.

This attitude means that once Trump wins the US election, he will completely overturn the independence principle that the Federal Reserve has always advocated. This shows Trump's political ambitions and his dissatisfaction with the Federal Reserve's monetary policy.

His idea has also sparked great discussion in American society. In response, Democratic presidential candidate Harris said she strongly opposes this position.

After a campaign event last Saturday, Harris emphasized to the media that the Federal Reserve is an independent institution and if she becomes the president of the United States, she will never interfere with the decisions of the Federal Reserve.

Tit for tat

Trump was once a very famous real estate tycoon in the United States. He calls himself a successful person and is more perceptive than Federal Reserve officials and experts in many cases. Therefore, he hopes to have a certain say in interest rates and monetary policy.

Last Thursday, Trump publicly criticized Federal Reserve Chairman Powell, saying he was either too slow or too fast in adjusting interest rates.

In stark contrast to Trump, Harris fully accepts the fact that she cannot interfere with the Fed. She said there was some turmoil in global markets last week, which made her curious about the Fed's next move, but she would not know the Fed's decision before the market.

Harris' words and deeds are also consistent with the attitudes of past US presidents towards the Federal Reserve, but as the United States has been plagued by inflation in the past two years, the public is demanding that the president perform better on economic issues and is more critical of the Federal Reserve's decisions.

Trump's tough stance on the Federal Reserve is, to some extent, a strategy to please voters, but ultimately, he still needs to be more reassuring with his economic policies.

At present, Harris has reversed Trump's lead in the economic field. Previously, the original Democratic candidate Biden had been lagging behind Trump due to the poor economic situation during his tenure, but the new poll shows that voters do not think that Vice President Harris needs to be responsible for Biden's economic performance and believe that she is the right presidential candidate to lead the United States out of economic problems.

Harris will announce her economic agenda this week, which she says will focus on growing the economy and lowering the cost of living.