The Age
·general
·8 hours ago
Trump will be furious as an old foe digs in his heels
Jerome Powell said Wednesday he will remain a Federal Reserve governor after his chairman term ends May 15, becoming the first chair since 1948 to do so. Powell cited legal attacks from Trump and threats to the Fed's independence as reasons for staying. Trump has threatened to fire Powell and pursued investigations into Powell and fellow governor.
Summary by Glance · The Age
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