President Richard Nixon famously leaned on Fed Chair Arthur Burns to keep interest rates low going into the 1972 presidential ...

Most important, the combination of Nixon’s self-serving wage and price controls and Burns’ expansionary monetary policy crippled the U.S. economy for the remainder of the 1970s.

Richard Nixon’s short-term meddling with the Fed chair harmed the U.S. economy for years. Donald Trump’s threats show dangerous parallels and potential risks.

Ahead of his 1972 reelection campaign, Nixon privately leaned on Fed Chair Arthur Burns, a longtime personal friend, to keep interest rates low. Burns acquiesced, and Nixon won reelection in a ...

Richard Nixon’s short-term meddling with the Fed chair harmed the U.S. economy for years. Donald Trump’s threats show dangerous parallels and potential risks.

Most important, the combination of Nixon’s self-serving wage and price controls and Burns’ expansionary monetary policy crippled the U.S. economy for the remainder of the 1970s.

Richard Nixon’s short-term meddling with the Fed chair harmed the U.S. economy for years. Donald Trump’s threats show dangerous parallels and potential risks.

Richard Nixon’s short-term meddling with the Fed chair harmed the U.S. economy for years. Donald Trump’s threats show dangerous parallels and potential risks.

Richard Nixon’s short-term meddling with the Fed chair harmed the U.S. economy for years. Donald Trump’s threats show dangerous parallels and potential risks.

Richard Nixon’s short-term meddling with the Fed chair harmed the U.S. economy for years. Donald Trump’s threats show dangerous parallels and potential risks.

Richard Nixon’s short-term meddling with the Fed chair harmed the U.S. economy for years. Donald Trump’s threats show dangerous parallels and potential risks.