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Donald Trump's allies have drafted plans to curb the Federal Reserve’s independence, should Trump win a second term. WSJ’s Andrew Restuccia unpacks the proposals, which include giving the president a say in interest-rate decisions. Further Reading: -Trump Allies Draw Up Plans to Blunt Fed’s Independence -Why Inflation Is Biden’s Most Stubborn Political Problem -Even If the Fed Cuts, the Days of Ultralow Rates Are Over Further Listening: -Why the Fed Is Steering Away From Rate Cuts -The Man Who Waged War on Inflation -The President, the Fed, and the Cut Learn more about your ad choices. Visit megaphone.fm/adchoices