Trump’s Fed fight looks like something from another country

JAN 16 - A political leader demanding questionable policy from the central bank and testing the legal limits to get it - to Martin Redrado, sitting in Kenya breaking news | Kenya news today |..

✨ Key Highlights

Donald Trump's ongoing disputes with the Federal Reserve are drawing parallels to political interference in central banks in emerging markets, raising concerns about potential economic instability and the Fed's independence.

Martin Redrado, former head of Argentina's central bank, compared Trump's actions to his own 2010 dismissal for resisting presidential orders.
Trump has accused Fed chair Jerome Powell of mishandling the economy, attempted to sack a top policymaker, and is currently embroiled in a criminal probe against the Fed.
Economists warn that political pressure on central banks, especially from nationalist or populist leaders, often leads to higher inflation and economic damage, as seen in countries like Turkey where inflation soared past 50%.

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