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Tests of Fed’s Independence Intensify 

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“President Trump spent his first year back in the White House coming up with new ways to chip away at the Federal Reserve’s political independence and pressure the central bank to accede to his demands for lower borrowing costs,” the New York Times reports.

“His second year in office is poised to put the Fed’s autonomy to an even more extreme test — one that many worry will undermine the central bank’s ability to base monetary policy decisions on what is most appropriate for the economy, rather than what will benefit the White House.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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