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Trump Meets with Italy's Meloni at the White House

Balance of Power

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Presidential Power and the Federal Reserve

This chapter examines the complexities of presidential authority in removing Federal Reserve Board members, especially in light of recent legal and political tensions. It highlights the ongoing conflict between President Trump and Fed Chairman Jerome Powell regarding the independence of the Federal Reserve and speculates on the implications of executive overreach. The discussion also addresses market reactions to the president's actions and statements, emphasizing the delicate balance between political influence and central bank autonomy.

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