Trump's Pressure on Powell and the Fed's Independence Under Threat
TL;DR Summary
President Trump is escalating efforts to potentially remove Fed Chair Jerome Powell by using legal grounds related to a controversial building project, raising concerns about presidential influence over the Federal Reserve's independence and setting a risky precedent for central bank autonomy.
Topics:business#central-bank-independence#federal-reserve#jerome-powell#legal-challenge#politics#trump
- The threat to fire Powell is getting real Axios
- Why Trump's push for a 1% Fed policy rate could spell trouble for US economy Reuters
- The Fed Is Built to Resist Trump’s Meddling Bloomberg.com
- Can the Next Fed Chair Truly Be Independent From Trump’s Influence? The New York Times
- Trump Keeps Pushing Powell to Lower Interest Rates. It Could Backfire. Barron's
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