Analysts warn that White House pressure on US central bank to cut interest rates could put economy in danger Business live – latest updates Donald Trump’s attempts to influence the US Federal Reserve could risk plunging America into a period of 1970s-style inflation and trigger a global backlash in financial markets, economists have warned. After the US Department of Justice (DoJ) launched a criminal investigation into Jerome Powell , the current Fed chair, investors said efforts by the White House to pressure the US central bank to cut interest rates would put the world economy at risk. Continue reading...