Working paper/research report

Publication year: 2019

URL: https://hdl.handle.net/10419/204815

Title of series: MAGKS Joint discussion paper series in economics

Number in series: 2019, 20

Abstract: 

After appointing Federal Reserve Chairman Powell, President Trump steadily put pressure on the Fed to cut interest rates. We show that, on average, a statement from Trump led to lower long-term interest rates, consistent with expectations of lower expected future short rates. However, the impact of Trump's statements declined over time.

Harvard Citation style: Tillmann, P. (2019) Trump pressuring the Fed. (MAGKS Joint discussion paper series in economics, 2019, 20). Marburg: Philipps-University Marburg. https://hdl.handle.net/10419/204815

APA Citation style: Tillmann, P. (2019). Trump pressuring the Fed. (MAGKS Joint discussion paper series in economics, 2019, 20). Philipps-University Marburg. https://hdl.handle.net/10419/204815