An economist has warned that Donald Trump’s apparent favorite to lead the Federal Reserve could invite political interference at the central bank and risk a runaway inflationary cycle.

Kevin Hassett, director of the National Economic Council, is currently tapped to succeed Jerome Powell ’s term ends in May, but Justin Wolfers said on Sunday that his ties to the president may mean indirect and undue executive influence over the independent body.

"We’ve seen it happen in other countries like Turkey—you appoint a loyalist, the loyalist puts in place policies that reflect the president’s idiosyncratic, utterly bizarre, dreamtime views about how the economy works," Wolfers told MS Now. "And what happened in Turkey was inflation rose to 80 percent."

Newsweek contacted the White House v

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