Federal Reserve Chairman Archives - Marketplace

A president and his Fed chair clash. Sound familiar?

by Nancy Marshall-Genzer

Oct 27, 2020

Trump has pressured the head of the Federal Reserve to lower interest rates. But he wasn't the first American leader to do so.

President Lyndon B. Johnson wanted to fire Fed Chair William McChesney Martin Jr. for hiking interest rates. But presidents can't do that, so Johnson gave him a tongue lashing instead and shoved him against a wall.

Keystone/Getty Images

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