Instant Reaction: Trump Reportedly Considers Firing Fed Chair Powell
Bloomberg Intelligence
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The Federal Reserve and Political Influence
This chapter explores the implications of a potential new Fed chair appointment, particularly focusing on Kevin Hassett as a leading candidate. It examines concerns about the independence of the Federal Reserve and the possible impact on interest rates, borrowing costs, and the broader economy. The discussion also reflects on historical precedents and the legal complexities surrounding the removal of a Fed chair, highlighting the conflict between political motivations and economic stability.
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