Reported 2 days ago
Tensions between President-elect Donald Trump and Federal Reserve Chair Jerome Powell seem to be easing as Trump stated he has no plans to remove Powell before his term ends in May 2026. This conciliatory tone follows months of criticism from Trump towards Powell's decisions, including a past suggestion of appointing a 'shadow chair' to diminish Powell's influence. However, it remains uncertain whether this detente will last, especially if the Fed needs to raise interest rates again.
Source: YAHOO