Volker Wieland sees new options for the Fed's monetary policy ("FAZ")

US President Donald Trump has the opportunity to influence the course of the Federal Reserve's monetary policy via several upcoming staffing decisions. Also a new bill introducing a rule-based monetary policy might receive a fresh boost. According to Volker Wieland, such a reference rule could even strengthen the central bank's independence.

"I ever a President would try to exert pressure on the Fed to keep interest rates too low for too long in order to boost activity during his or her term and improve chances for re-election“, the newspaper "Frankfurter Allgemeine Zeitung" quotes from a paper by Volker Wieland and Henrike Michaelis of the German Council of Economic Experts.

FAZ: "Amerikas Geldpolitik vor neuer Epoche"

More regarding the paper "R-Star and the Yellen Rules"