Event Overview
Powell plans to remain on Fed board, cites legal actions by Trump administration
target="_blank">Powell plans to remain on Fed board, cites legal actions by Trump administration AP News This cluster currently includes 2 articles from 2 sources.
This cluster currently includes 2 articles from 2 sources. Sources in this event include Associated Press, CNN.
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Powell plans to remain on Fed board, cites legal actions by Trump administration
Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month. He also said the “unprecedented” legal attacks by the Trump administration have put the independence of the nation’s central bank at risk. The Federal Reserve left its benchmark interest rate.
How Trump’s crusade against Jerome Powell backfired
One of the biggest questions about President Donald Trump’s retribution crusade is how much of it is driven by strategy — i.e. making cautionary tales out of his foes — and how much if it is driven by personal grievance and pique. The case of Fed Chair Jerome Powell would seem to suggest it’s largely the latter.