Trump's grudge against the Fed's Jerome Powell
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Fed Under Fire: Trump vs. Powell
This chapter delves into the complexities between the Federal Reserve and political pressures, particularly the contentious relationship between President Trump and Chairman Jerome Powell. It addresses Trump's criticisms of the Fed's monetary policies and his attempts to influence Powell's position, alongside discussions of potential successors. The chapter also considers the implications of recent controversies, including a major renovation project at the Fed, and the consequences of Trump's calls for reduced interest rates.
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