Fed, Jerome Powell and Trump
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President Donald Trump is intensifying scrutiny of the Federal Reserve’s $2.5 billion headquarters renovation suggesting possible ‘fraud’
“Can Jay Powell, as a human escape, the pressure of politics and the election?” asked CNBC’s Brian Sullivan. “He has to placate the political forces that are really in the underbelly of ...
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Central Illinois Proud on MSNLocal financial advisor emphasizes Fed’s independence amid political pressureFinancial advisors like Rockie Ziegler believe that removing Fed Chair Jerome Powell would be a dangerous move, as it could undermine confidence in the economy and create long-term instability.
Politicians often want lower rates. Central banks seek stable prices.
Tesla expected to post double-digit declines in earnings, sales. Fed chief Powell speech in focus as central bank independence worries grow. Top tail risks and most crowded trades.
J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks.
No stranger to political pressure, the Fed chief this week found himself the focus of concern in a letter from Democratic Sen. Sherrod Brown.
Powell testifies as Trump demands a 2-point rate cut; markets seek clarity on Fed independence and inflation control. Fed Governors Bowman and Waller push for July rate cuts, exposing internal ...
Federal Reserve Chairman Jerome Powell said the central bank will ignore "external" political pressure amid expectations that it will raise interest rates again to address inflation.
Past examples of tension between heads of government and their central bankers offer clues about how the Trump-Powell showdown could play out. Politicians usually want lower rates, mindful of consumer and business borrowing costs. Central bankers need to promote stable prices.