Friday, July 5, 2024
HomeBusinessTrump's economic confidants are vying for influence over Fed taxes and policy

Trump’s economic confidants are vying for influence over Fed taxes and policy

Economic advisers in Donald Trump’s inner circle are clashing over their favorite policy ideas, a battle that is spilling into the public spotlight as they vie for influence over the presumptive Republican presidential nominee’s second-term plans.

In recent weeks, informal advisers have floated ideas such as penalties for countries that move away from the US dollar; a flat tax proposal and Federal Reserve reforms to give the president more control over the independent central bank.

The only problem with these ideas? Trump himself has not signed any of these plans, and the unauthorized policies are irritating his top campaign staff.

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