President Donald Trump has publicly urged the US Federal Reserve for months to significantly reduce interest rates to drive stronger economic growth and reduce federal debt service costs. Frustrated with the Fed’s cautious response, he has openly sought more influence over the central bank’s monetary policies: He threatened to fire the Fed chairman, tried to fire one of the Fed governors, and placed one of his economic advisers on the Fed board. However, if he succeeds in pressing the Fed to cut rates more than it would otherwise, America would see slower growth through most of the next decade (see panel a of this ... (full story)