Fed Chair Powell warns of 'unprecedented' legal attacks on Fed by Trump administration
Federal Reserve Chair Jerome Powell stated he intends to remain on the Fed's board after his chairmanship ends, emphasizing concerns over what he described as unprecedented legal challenges from the Trump administration. He warned these actions threaten the central bank's independence, a cornerstone of its ability to operate without political interference. Powell's comments highlight growing tensions between the Fed and the executive branch over monetary policy autonomy.
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Fed Chair Powell warns of 'unprecedented' legal attacks on Fed by Trump administrationThe Associated PressPublished 5 seconds agoJerome 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 Associated PressPlease enable JavaScript to view this content.ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountMost PopularKing Charles and Queen Camilla honour victims at 9/11 Memorial in New YorkVideo1:25Invasive species: Colombians divided over plans to cull hippos linked to Pablo EscobarVideo0:53Pentagon's Hegseth defends Iran war, says it's not a…
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