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Can Trump Push Jerome Powell Out of the Fed? w/WSJ's Nick Timiraos

On The Market

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The Independence of the Federal Reserve: Politics and Pressures

This chapter explores the independence of the Federal Reserve, discussing its benefits and criticisms amidst political scrutiny, particularly during Trump's presidency. It examines the historical context of Fed autonomy and the implications of political influence over economic policymaking, as well as Jerome Powell's responses to potential pressures from the administration. Additionally, the chapter considers the legal boundaries surrounding the President's ability to remove or demote the Fed Chair and the potential consequences of such actions.

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