The Trump camp has intensified its attacks on the Federal Reserve, and after he threatened to intervene in the Fed's monetary policy, his deputy Vance has also begun to emphasize that the Fed's interest rate policy should be a political decision.
This attitude means that once Trump wins the US election, he will completely overturn the independence principle that the Federal Reserve has always touted. This demonstrates Trump's ambitious political goals and dissatisfaction with the Federal Reserve's monetary policy.
And his idea has also sparked great discussion in American society. In response, Democratic presidential candidate Harris stated that she strongly opposes this position.
After a campaign event last Saturday, Harris emphasized to the media that the Federal Reserve is an independent institution and if she becomes the President of the United States, she will never interfere with the Fed's decisions.
Tit for tat
Trump was once a highly renowned real estate tycoon in the United States, who boasted of being a successful individual and was in many cases more astute than Federal Reserve officials and experts. Therefore, he hopes to have a certain say in interest rates and monetary policy.
Last Thursday, Trump publicly criticized Federal Reserve Chairman Powell, stating that he was either too slow or too fast in the process of interest rate adjustments.
In sharp contrast to Trump, Harris fully accepts the fact that he cannot interfere with the Federal Reserve. She said that there was some turbulence in the global market last week, which made her curious about the Fed's next move, but she would not know the Fed's decision before the market.
Harris' words and actions are consistent with the attitude of previous US presidents towards the Federal Reserve, but due to the continuous inflation troubles in the United States over the past two years, the public is demanding that the president perform better on economic issues and be more critical of the Federal Reserve's decisions.
Trump's tough stance towards the Federal Reserve is also a strategy to please voters to some extent, but ultimately, he still needs to be more stable in economic policies.
Currently, Harris is reversing Trump's lead in the economic field. Previously, former Democratic candidate Biden had been lagging behind Trump due to the poor economic situation during his tenure, but new polls show that voters do not believe Vice President Harris is responsible for Biden's economic performance and believe she is the right presidential candidate to lead the United States out of economic problems.
Harris will announce her economic agenda this week, stating that the focus will be on economic growth and reducing the cost of living.