
Powell Defends Fed as Allies Eye China Amid Strike Threats
Powell Defends Fed as Allies Eye China Amid Strike Threats
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 the pace of rate cuts, as well as a Justice Department subpoena related to the Fed headquarters renovation. Despite these external pressures and internal dissents, the Fed held interest rates steady, balancing inflation management and job market strength while navigating a slumping dollar and rallying stock market.
















Discussion
Join the conversation
Be the first to comment