Powell's Poker Face May Shield the Fed From Trump's Shake-Up
TL;DR Summary
Powell, who turns 72, faces a pivotal choice as his chair term ends in May: stay on the Fed’s Board of Governors and potentially cast decisive votes on policy and any broader reforms, or exit. Trump has pressed for significant changes to the central bank and even threatened actions against governors, while Powell has publicly defended the Fed’s independence amid a DOJ probe and a high-stakes political climate. His decision to stay could still tilt the balance on reforms during a transition period, making his next move crucial for the Fed’s autonomy.
- Poker-faced Powell may have ace up sleeve to stymie Trump’s Fed shakeup By Reuters Investing.com
- Mixed signals and suspicions fueled clash between Fed and prosecutors The Washington Post
- White House economic adviser says he expects there is ‘nothing to see’ in investigation into Powell – US politics live The Guardian
- GOP senator gives the Fed’s Powell bad advice, urges him to resign as part of a “deal” MS NOW
- A private memo from central banks to governments The Economist
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