For months, US President Donald Trump has been piling pressure on the Federal Reserve over delayed cuts to interest rates, casting the institution’s independence into doubt.

Trump’s recent attacks have caused quite a stir as central bank independence is considered a key factor in protecting price stability and investor confidence in a country’s economy.

– What does Trump want? –

Trump has repeatedly called out Fed chair Jerome Powell for not lowering interest rates quickly enough to support the weakening US economy.

While rates were lowered on Wednesday for the first time this year, the cuts were deemed too small by Stephen Miran, the new Fed governor appointed by Trump.

Cutting interest rates helps households borrow for consumption and businesses for investment, promoting growth but

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