Senior Democrats in the House of Representatives have threatened to cut the salaries of top Federal Reserve officials by as much as 50% and sharply increase the political oversight of monetary policy.

There is little chance that such ideas - many of them floating around Capitol Hill for 30 years or more - will ever become law. But it remains to be seen whether the new, young, and pliable President will spend much political capital defending the integrity of the central bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.