A researcher who studied Trump's plans to control the Fed said it could tank the economy

• Economists at the Peterson Institute studied what would happen if Trump undermined Fed independence.
• They found that GDP would shrink, inflation would rise, and capital would flow to other countries.
• One of the researchers spoke to BI about the findings and said that recovery could take decades.

In August, Trump floated the idea that, as a successful businessman, he should have "at least" a say in the Federal Reserve's monetary policy.