Reuters
Fed scrambled to make sense of Trump’s 2016 election, transcripts show
The election of Donald Trump threw Federal Reserve officers right into a scramble to find out what it meant for the American financial system, the world, and the U.S. central financial institution’s personal standing, in accordance with transcripts of Fed conferences from 2016. At the Fed’s coverage assembly a month after Trump’s Nov. 8, 2016 victory, there have been jokes about the sudden consequence, warnings of the deep fissures it confirmed within the U.S. financial system and the challenges it would pose to the central financial institution’s independence.
