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The potentially big costs of trump’s fed fight the president’s attacks on the central bank’s independence could undermine investor confidence in the institution at a crucial time. In his stinging monthslong campaign to badger federal reserve chair jerome powell into lowering. It started with federal reserve chair jerome powell
When the fed refused to cut interest rates, president donald trump openly discussed whether he should remove the chief central banker Trump says powell costs us $900b a year in interest by not cutting rates Weakening the fed’s independence and.
Trump is ramping up pressure on the fed to slash rates to 1% — and experts warn against it
But would it actually be that dangerous for american jobs, savings and investments? Your guide to what trump’s second term means for washington, business and the world donald trump’s attempts to force the federal reserve to cut interest rates in a bid to lower the us. While past presidents have expressed views about monetary policy, trump's attempts at influence are largely unprecedented — no fed member has ever been removed for cause.
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