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Federal Reserve issues rare statement asserting independence amid Trump pressure

Central bank emphasizes nonpartisan role in brief memo after chair Jerome Powell meets with US presidentCan Trump fire Federal Reserve chair Jerome Powell?The Federal Reserve issued a rare, strongly worded statement on Thursday after chair Jerome Powell spoke with Donald Trump at the White House Thursday morning, holding firm on the central bank’s independence amid pressure from Trump to lower interest rates.The three-paragraph statement emphasized the Fed’s independent, nonpartisan role in setting monetary policy based on economic data. Continue reading...


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