Behind Powell’s High-Stakes Decision to Stay at the Fed
Jerome H. Powell has decided to remain a governor at the Federal Reserve after his term as chair ends, aiming to preserve the central bank's independence amid pressure from the Trump administration. His decision limits the president's ability to appoint new Fed governors before 2028, potentially reducing political influence over monetary policy. The move has drawn criticism from administration officials, raising concerns about escalating tensions between the White House and the Fed.
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#masthead-section-label, #masthead-bar-one { display: none }U.S. EconomyFederal ReserveTrump’s Fed PickHousing MarketStocks Hit Record HighGas PricesJob GrowthYou have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.Behind Powell’s High-Stakes Decision to Stay at the FedJerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.Jerome H. Powell leaving what was expected to be his last news conference as Federal Reserve chair on Wednesday.Credit...Anna Rose Layden for The New York TimesBehind Powell’s High-Stakes Decision to Stay at the FedJerome H.
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