From CNN.

President Trump is the first in decades to try to influence the decisions of the Federal Reserve. But he’s not the first ever.

CNN’s Phil Mattingly explains what happens with politics and the Fed mix.

0:00 What is ‘The Rubin Rule’?
0:57 What if the Federal Reserve loses its independence?
2:32 Difference between the President and the Fed
4:34 What happens when a Fed chair is free from political persuasion?
8:04 The current stakes in monetary policy

Watch more news explainers on the CNN app: https://cnn.it/4qA8ez3

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