Powell established a law on Fed’s independence when he met with Trump but did not seem to receive the president’s knowledge

Powell established a law on Fed’s independence when he met with Trump but did not seem to receive the president’s knowledge

Jerome Powell, Chairman of the Federal Reserve, met with President Trump And firmly repeated Fed’s independence, emphasizing that monetary policy decisions are based solely on economic data, not political pressure. Despite the constant Trump’s calls to reduce interest rates and previous threats to Great Powell, the Fed said its powers are based on maximum employment … Read more