Trump, Fed and Jerome Powell
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(Reuters) -Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday said the central bank's ability to set monetary policy without political interference is "very important." "It's very important
University of Michigan economist and former Obama White House advisor Betsey Stevenson issued a stark warning about the consequences of ending the Federal Reserve's independence. What Happened: On Monday,
It is becoming clear what the major challenge will be for Jerome Powell's successor: maintaining the Fed's independence while keeping President Trump happy.
Treasury Secretary Scott Bessent criticizes the Federal Reserve's expanding role beyond monetary policy, arguing it threatens the Fed's independence. He advocates for a review of the Fed's operations,
WASHINGTON (Reuters) -U.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill. Trump should be careful what he wishes for.
The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst.
Jerome Powell hailed the independence of the Fed and central banks, a signature of the financial system established more than a 100 years ago. CNN values your feedback 1.
In the 1930s and 1970s, the Fed lost its way, and the economy went off the rails. Those experiences demonstrated that without an effective central bank, the US economy suffers, sometimes ...