Part 6/9:
Looking forward, if Trump achieves his goal of exerting greater influence over the Federal Reserve, the consequences could be dire. Analysts warn of potential economic overheating, akin to the inflation spikes witnessed during the implementation of COVID-19 stimulus packages. The strategy to reduce interest rates could mean resorting to increased money printing, an endeavor fraught with the possibility of hyperinflation.
The looming question remains whether Trump can assert control over the Fed without significant opposition. The Republican Party currently holds a slim majority, which may provide some leverage, yet the independence of the central bank is designed to withstand political pressure.