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Trump's Fed Interference: A Risk to U.S. Economy

12/12/2025

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Summary

Story summary

Analyst Catherine Rampell warns that U.S. President Donald Trump’s attempts to influence the Federal Reserve could severely harm the U.S. economy.
Trump has criticized Fed Chair Jerome Powell for high interest rates and has initiated a mortgage fraud investigation against Governor Lisa Cook.
Rampell cautions that undermining the Fed's independence could be disastrous, describing the moment as an inflection point toward a Venezuela-like outcome.

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Story summary

Analyst Catherine Rampell warns that U.S. President Donald Trump’s attempts to influence the Federal Reserve could severely harm the U.S. economy.
Trump has criticized Fed Chair Jerome Powell for high interest rates and has initiated a mortgage fraud investigation against Governor Lisa Cook.
Rampell cautions that undermining the Fed's independence could be disastrous, describing the moment as an inflection point toward a Venezuela-like outcome.