
Powell Defends Fed, While CEO Pay & Troop Costs Soar
Powell Defends Fed, While CEO Pay & Troop Costs Soar
Multiple news sources report that Federal Reserve Chair Jerome Powell defended the Fed's independence amidst political pressure from President Trump, who criticizes the Fed's interest rate policy and its headquarters renovation project, while also facing grand jury subpoenas related to his congressional testimony on the renovation. Despite this pressure and dissents within the Fed, Powell emphasized the Fed's commitment to managing inflation and the job market, maintaining objectivity, and holding interest rates steady at 3.50 to 3.75.



















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