Reported 16 days ago
Jerome Powell, the Federal Reserve Chairman, faces unprecedented challenges as Donald Trump returns to the presidency, bringing uncertain economic policies that may disrupt the current stability. Despite pressure from both sides of the political spectrum and Trump’s criticisms, Powell remains committed to managing the economy through its complexities, focusing on sustained economic activity and labor market strength. As Trump's promises of tax cuts and spending changes loom, Powell emphasizes the need for a cautious approach to maintain the Fed's independence and confidence in the financial markets.
Source: YAHOO