Powell’s Fed Board Stay Upends Trump’s Plan
TL;DR
Trump’s long-running push against Federal Reserve Chair Jerome Powell backfires as Powell opts to stay on the Fed’s Board of Governors after his chair term ends, depriving Trump of a favorable board majority and preserving central-bank independence. Despite continued public pressure and a DOJ probe that has wound down, Powell’s decision signals resilience to political pressure and prolongs the clash between Trump and the Fed.
Topics:businesspolitics#doj-investigation#federal-reserve#jerome-powell#political-strategy#politics#trump
- How Trump’s crusade against Jerome Powell backfired CNN
- 'Numbskull, moron and too stupid': Trump and Powell's biggest clashes BBC
- How Powell Just Complicated Trump’s Fed Plans The New York Times
- Donald Trump Melts Down at Foe on Truth Social With Bonkers Theory The Daily Beast
- Trump Says He Doesn’t Care If Powell Remains on Fed Board Bloomberg.com
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