"The Fed is not a place to put your cronies," former Federal Reserve governor Sarah Bloom Raskin told CNN Business. Former Trump campaign adviser Stephen Moore (left) recently called for the Fed to immediately slash interest rates. He previously served as chairman of the Kansas City Federal Reserve Bank. If the economy stumbles heading into the 2020 election or if markets tank, Trump can simply pin the blame on an institution that won't fight back: The Federal Reserve. "There is a price to pay for undermining the credibility of the Federal Reserve," Wessel said.

Source: CNN April 05, 2019 18:48 UTC