A U.S. Federal Reserve official gave a lengthy defense of the central bank’s political independence Thursday, just days after former President Donald Trump, an outspoken Fed critic, won re-election.
Christopher Rugaber, The Associated PressStrategist Michael Green shares his outlook on the markets as investors hold their breath on the U.S. core inflation.
Kugler added that the research in particular finds that greater independence for central banks in advanced economies is related to lower inflation. Trump said during the campaign that he would let Powell complete his term in May 2026. But in Chicago he also said, “I have the right to say I think you should go up or down a little bit.”
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