Reported 2 days ago
In a recent speech at Princeton University, Federal Reserve Chair Jerome Powell defended the central bank's pandemic response, which included significant interest rate cuts and asset purchases, against ongoing criticism from President Trump and former Fed governor Kevin Warsh. Powell praised government employees and American universities, asserting their importance during the crisis, while addressing accusations of inaction against rising inflation. He emphasized that the Fed's efforts facilitated economic stability during challenging times and expressed gratitude for the civil servants involved.
Source: YAHOO