Kommentar: Die Gefahr einer politisierten US-Notenbank ist nicht gebannt
Fed-Chef Warsh erfüllt die Markterwartungen – und doch macht die Zinsentscheidung kurz vor den Zwischenwahlen noch einmal deutlich, wie gefährlich Trumps Übergriffigkeit gegenüber der Notenbank ist.
Kevin Warsh finds himself in a precarious position. Any hint from the head of the US Federal Reserve (Fed) on the state of the US economy or the central bank's future path becomes a political issue just before crucial elections, whether they intend it or not. Warsh, who has been leading the Fed since May, is well aware of this. The Fed abstained from action and kept the federal funds rate within the range of 3.75 to 4.0 percent during its meeting on Wednesday – a move understandable and economically logical.
It is no secret that President Donald Trump desires lower interest rates, regardless of the cost. He has frequently publicly called for it, and even harshly criticized Warsh's predecessor, Jerome Powell, for his steadfastness and refusal to become the White House's lackey. Just as clearly, Trump placed Warsh in this position to achieve this goal.
Trump continues to maintain a distance from criticism, despite the fact that the Fed chief increased the interest rates in September. But the day of truth will come.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
