Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, April 25, 2024.
The plans, which the Journal report described as highly secretive, are part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions.
Along with those proposals, the draft contends that Trump could remove current Fed Chair Jerome Powell from office and require that Fed policy be aligned with the administration's goals.
While in office, Trump harshly criticized Powell and his fellow central bankers as they were raising interest rates and reportedly considered ousting him.
Trump campaign officials told the Journal that the draft proposals shouldn't be considered "official."
Persons:
Donald Trump, Donald Trump's, Trump, Jerome Powell, Powell
Organizations:
Federal, Wall, Treasury Department
Locations:
Manhattan, New York