Powell Defies Political Pressure, Defends Fed Independence
TL;DR Summary
Fed chair Jerome Powell reiterates the central bank’s independence and commitment to price stability and maximum employment as Trump pressures the Fed to cut rates and a criminal investigation emerges, signaling resolve to steer policy despite political threats.
- Jerome Powell: steely Fed chair standing firm in face of Trump’s threats The Guardian
- Frustration mounts inside White House over Pirro’s handling of Powell investigation CNN
- Trump attacks Powell again amid Fed independence fears: 'That jerk will be gone soon' CNBC
- Blowback Builds Over Criminal Investigation of Powell The New York Times
- GOP senator suggests Fed chair Powell resign now to dodge potential criminal indictment Fox News
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