Donald Trump's allies have drafted plans to curb the Federal Reserve’s independence, should Trump win a second term. WSJ’s Andrew Restuccia unpacks the proposals, which include giving the president a say in interest-rate decisions.

Further Reading:

-Trump Allies Draw Up Plans to Blunt Fed’s Independence 

-Why Inflation Is Biden’s Most Stubborn Political Problem 

-Even If the Fed Cuts, the Days of Ultralow Rates Are Over 

Further Listening:

-Why the Fed Is Steering Away From Rate Cuts 

-The Man Who Waged War on Inflation 

-The President, the Fed, and the Cut 

Learn more about your ad choices. Visit megaphone.fm/adchoices