Markets will rebel if Trump or any president tries to control the Fed, Harvard economist says

AP Photo/Ron Thomas

• Markets would resist executive influence over the Federal Reserve, Kenneth Rogoff told Bloomberg TV.
• Inflation expectations would jump while the dollar would tank, the Harvard professor said.
• Donald Trump allies have reportedly been brainstorming ways for him to exert more influence over the Fed, if elected.

Political attempts to influence the Federal Reserve won't go over well with markets, Harvard's Kenneth Rogoff said.