CEOs warn Trump against pressuring Fed on interest rates
CBS America · Just In
CBS America
Just In
In a recent survey of U.S. chief executives, 80% said in pressuring the Fed to cut rates, President Trump is not acting in America's long-term interest.
Breakdown
- 80% of surveyed CEOs say Trump's pressure on the Fed is not in America's long-term interest. 17s
- 71% of CEOs believe Fed independence has already been eroded. 26s
- Economists predict Fed pressure could lead to higher inflation and slower growth. 44s
- Most tariff costs are paid by American businesses and consumers, not foreign exporters. 1m 26s
- CEOs see an independent Fed as crucial to preventing policy based on politics rather than facts. 2m 14s