Dudley encourages the Fed to help sway the 2020 election against Trump.
Former New York Fed President Bill Dudley encouraged his one-time colleagues not to help Trump's "disastrous path of trade war escalation."
He even suggested, in a Bloomberg editorial, that the Fed try to influence the 2020 election by not cutting rates further.
"After all, Trump's reelection arguably presents a threat to the U.S. and global economy, to the Fed's independence and its ability to achieve its employment and inflation objectives," Dudley wrote.
Trump tweeted Tuesday that the Fed "has been calling it wrong for too long!"
Former New York Fed President Bill Dudley encouraged his one-time colleagues not to help Trump's "disastrous path of trade war escalation."
He even suggested, in a Bloomberg editorial, that the Fed try to influence the 2020 election by not cutting rates further.
"After all, Trump's reelection arguably presents a threat to the U.S. and global economy, to the Fed's independence and its ability to achieve its employment and inflation objectives," Dudley wrote.
Trump tweeted Tuesday that the Fed "has been calling it wrong for too long!"
https://www.google.com/amp/s/www.cnbc.com/amp/2019/08/27/dudley-encourages-the-fed-not-to-play-along-with-trumps-trade-war.html