The article discusses Donald Trump's history of conflict with Jerome Powell, the chairman of the U.S. Federal Reserve. Trump's criticism of Powell is seen as an attempt to exert control over the Fed and shift blame for potential economic challenges.
Former U.S. president Donald Trump gestures with Jerome Powell , his nominee to become chairman of the U.S. Federal Reserve at the White House in Washington, on Nov. 2, 2017.have prompted the Fed to signal that it’s in no hurry to cut interest rates further in 2025, setting the stage for renewed conflict between the two men over how best to manage the world’s largest economy.Sure, he selected Mr. Powell to lead the Fed during his first term as president. But Mr.
After all, Mr. Trump’s cornerstone campaign promises to slap punitive tariffs on Canada, Mexico and China, deport record numbers of illegal migrants and cut taxes are all expected to stoke inflation, keeping interest rates elevated. resulting in rampant inflation. The Fed’s independence was restored by Paul Volcker, who was chairman from 1979 to 1987.
Donald Trump Jerome Powell Federal Reserve Inflation US Economy
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