Reported 4 days ago
As President-elect Donald Trump prepares to take office in 2025, tensions between him and Federal Reserve Chair Jay Powell loom large. Past criticisms from Trump regarding Powell's management of interest rates and the independence of the Fed indicate a fraught relationship. Trump's economic policies, particularly regarding tariffs and tax cuts, may spur inflation, impacting the Fed's decisions on interest rates. The situation is complicated further by proposals from Trump allies to reduce the Fed's workforce, adding uncertainty to the future dynamics between the Trump administration and the central bank.
Source: YAHOO