Trump's Fed attacks risk U.S. credibility, inflation

Economists warn Donald Trump's attacks on the Federal Reserve could undermine U.S. credibility and trigger significant inflation. Trump has repeatedly criticized the Fed and its chair, Jerome Powell, for not lowering interest rates. Economists fear this could lead to the central bank prioritizing political goals over price stability. A Financial Times survey found most economists believe the Fed's credibility has already weakened, with many concerned about political influence on monetary policy.