Republican vice presidential nominee JD Vance has expressed support for former President Donald Trump’s suggestion that the president should have more influence over the Federal Reserve’s monetary policy decisions. Vance argues that such decisions should be political, reflecting the input of elected leaders. This stance marks a significant departure from the traditional independence of the Fed, which has historically been insulated from political interference to ensure stable economic policy. Vance’s endorsement of Trump’s idea comes amid broader discussions on the role of political influence in economic policymaking.
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