New York —

President Donald Trump promised voters last fall he’d swiftly defeat inflation once back in the White House. Trump’s unprecedented and relentless attacks on the Federal Reserve could do the exact opposite.

While Trump is the first US president to try to fire a Federal Reserve governor, he’s hardly the first politician to seek lower interest rates.

Of course, presidents want to please voters with dirt-cheap mortgages, car loans and credit cards.

And it’s not shocking that a president would want to run the economy hot, opening the door to blockbuster GDP growth and record stock prices that would provide fodder for campaign ads.

Here’s the problem: The Fed is designed to be independent from political interference – and that’s no accident.

Economists and former Fed officia

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