"We've heard all of this before, Axelrod said on Monday's OutFront on CNN. He went over to the Fed, and he made these allegations. And the chairman gave a spontaneous rebuttal. But here's the thing that people should be concerned about. He wants control of the Fed because he wants to manipulate interest rates to his political advantage, to what he perceives as his political advantage. That's the reason that the Fed is an independent agency."
"Since taking office for the second time, Trump has taken a particular interest in redesigning government buildings. He has paved over the Rose Garden, demolished the East Wing of the White House to make way for a gigantic ballroom, added his name to the Kennedy Center, and created a Presidential Walk of Fame in the White House, among other redesigns."
President Donald Trump has pursued extensive redesigns of government properties, paving the Rose Garden, demolishing the East Wing for a ballroom, adding his name to the Kennedy Center, and creating a Presidential Walk of Fame. He has also publicly criticized Federal Reserve Chairman Jerome Powell, suggested he might fire him, and accused the Fed of renovation cost overruns. Calls to control the Federal Reserve are framed as attempts to influence interest rates for perceived political gain. The combination of lavish renovations and efforts to manipulate monetary policy risks alienating voters focused on paying bills and could damage Republican midterm prospects.
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