In the past, we have sometimes accused the ECB of being too political.
Especially during the eurozone crisis, and goals beyond the legally prescribed focus on monetary policy were shining through. In this sense, too, the Fed could become more like the ECB, or even overtake it by a long way. At least if the ideas of presidential candidate Donald Trump were to become reality, Commerzbank’s Head of FX and Commodity Research Ulrich Leuchtmann notes. Trump set to be USD-negative “It seems, Trump advocates a disastrous political influence on the Fed .
I can think of no one less competent to have a say in the formulation of US monetary policy than Donald J. Trump.” “I believe, there is a residual risk that Trump could fundamentally restructure the institutions of the United States if he takes power. For the US Dollar , the US President having a say in Fed interest rate decisions would be the worst-case scenario.
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