SMH
·general
·1 hour ago
‘Unprecedented’: Fed chair Powell takes aim at Trump
Federal Reserve Chair Jerome Powell announced he will remain on the Fed's board after his term ends next month, citing "unprecedented" legal attacks from the Trump administration threatening the central bank's independence. Powell's decision blocks President Trump from filling the seat with his own appointee. The move complicates successor Kevin Warsh's ability to implement the rate cuts Trump has demanded.
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