Is President Trump threatening the independence of the Federal Reserve when he attacks Fed Chair Jerome Powell over interest rates? NPR asks Wharton School associate professor Peter Conti-Brown. Events
Federal Reserve Chairman Jerome Powell is the latest target of a Donald Trump “Truth Bomb” barrage on his Truth Social platform. The post Breitbart Business Digest: Can Trump Actually Remove Jerome Powell as Fed Chair? appeared first on Breitbart. Politics
The Fed is an independent government agency established by Congress. Politics
President Trump lashed out at Powell for not acting sooner to lower interest rates. The president's own tariffs make that more difficult, by putting upward pressure on prices. Politics
Jerome Powell has said that the Federal Reserve can be patient as the effects of tariffs become more clear. President Trump, who is pushing for interest rate cuts, said, “Powell’s termination cannot come fast enough!” Politics
Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.” Events