Trump: President Has Right to Have Input on Fed

Former President Donald Trump, speaking Tuesday to the Economic Club of Chicago in a sometimes debate-like interview with Bloomberg Editor-in-Chief John Micklethwait, insisted that a president has the right to make input into the decisions made by the Federal Reserve, traditionally an independent entity.

“If you are a very good president with good sense, you should be able to at least talk about the interest rates,” Trump said at the event. “I think I have the right to say, as a very good businessman, somebody that has used a lot of sense, I think I have the right to say that I think I am better than [Chair Jerome Powell] would be,” said Trump.

“I think I am better than most people would be in that position,” he added, stressing that if elected, he would not be the one making the decisions for the Federal Reserve.

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