Trump Clashes with Fed Chair Powell Over Monetary Policy Autonomy
3 hours agoPolitics
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Trump Clashes with Fed Chair Powell Over Monetary Policy Autonomy

US President Trump continues to pressure Federal Reserve Chair Jerome Powell regarding monetary policy, seeking greater influence over interest rates. Powell, however, is reportedly resisting this pressure, emphasizing the Fed's autonomy. Trump's frustration stems from Powell's past resistance to rate cuts, and he aims to install a more compliant committee. The Fed's independence is seen as a safeguard against political manipulation of economic policy, preventing potential inflation and debt issues.

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