New York CNN —Federal Reserve officials won’t say how former President Donald Trump winning a second term could impact the economy.
But transcripts of closed-door Fed meetings from Trump’s first term give some clues about top economists’ true feelings about Trump’s economic agenda.
“We don’t want to be involved … in politics in any way,” Powell said after July’s monetary policy meeting.
The transcripts of past meetings that are publicly available, the most recent being from the December 2018 monetary policy meeting, suggest that some Fed officials had legitimate concerns about Trump’s trade policy and its impact on the economy.
‘Ill-conceived US government policies’At later meetings, as the Trump administration began to set the stage for a potential trade war with China, Fed officials started to sound more concerned.
Persons:
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Locations:
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