Hoosier Economists Concerned About Political Pressure Placed on Federal Reserve

Some Indiana economists say they are concerned that political pressure on the Federal Reserve could affect prices for everyday goods, a worry shared by residents.

According to IU Kelley Clinical Professor Andreas Hauskrecht, the president’s attempts to influence the Fed to lower interest rates could go wrong.

Hauskrecht warns that this could particularly harm key Indiana industries such as agriculture and pharmaceuticals, as the costs of tariffs are increasingly passed on to consumers.