Fed chairs and presidents: a history of rocky relationships
Share Now on:
President Donald Trump and the Fed have had a bit of an up-and-down relationship even before he became president. At one point, he accused Fed Chair Janet Yellen of keeping interest rates low to help President Barack Obama. Another time, he said raising rates would be a disaster. To be fair, he has also said he has great respect for Yellen. But now that a Fed rate increase is on the horizon, relations between the Fed and the White House soon could become much more volatile, if history is any guide.
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Give today and get our limited edition tote.