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Fed Chair Jerome Powell Defies Trump
Trump is likely to allow Fed chair to stay. Powell said he can’t be fired anyway
President-elect Donald Trump remains likely to allow Federal Reserve Chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, according to a senior adviser to Trump who requested anonymity to describe private conversations.
Fed chair says Trump can't remove him. Could Trump still influence interest rates?
Trump would also face a potentially steep decline in the stock market if he appeared to seriously threaten the independence of the Fed, some experts said. Bank executives and other business leaders would likely voice stiff opposition, fearing economic instability and runaway inflation, they added.
Federal Reserve Chairman Jerome Powell Says He Won’t Cut Term Short — Even If Trump Asks Him To Resign
The question of whether Mr. Powell might be on the chopping block should Trump serve a second term has been the subject of debate through the course
Washington Examiner
2d
Fed chairman Powell says he wouldn’t resign if asked by Trump
Federal Reserve
Chairman
Jerome Powell said he would not step down from ... Trump is set to inherit an
economy
that has a relatively strong labor market but also shows signs of slowing.
USA TODAY on MSN
1d
Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
Bisnow
2d
Fed Cuts Interest Rates Again As Capital Markets Show Signs Of Life
Federal Reserve Chair Jerome Powell announced Thursday that the Fed's benchmark rate would come down again as he eases off ...
17h
on MSN
Trump has promised lower interest rates. That will be largely out of his control.
While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a ...
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2024 U.S. Elections
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