Donald Trump is reportedly intensifying his efforts to exert control over the Federal Reserve to force interest rate cuts. His motivations stem from the rising interest payments on the substantial US government debt. This campaign to influence the Fed underscores a broader conflict within the ruling class.
The article positions this conflict as a consequence of the inherent contradictions of the capitalist system. It argues that the Fed, while nominally independent, is ultimately subject to the pressures of finance capital. Trump’s actions are viewed as an attempt to manipulate monetary policy for short-term political and economic gains, potentially at the expense of long-term financial stability.
find the original article here: https://www.wsws.org/en/articles/2025/09/22/pbga-s22.html