Reported 16 days ago
Fed Chairman Jerome Powell firmly stated he would not resign under pressure from President-elect Donald Trump, setting the stage for a potential clash over Trump's economic plans. As the Fed continues its easing cycle, Trump's proposals, including extensive tax cuts and tariff hikes, may further influence the economy and the Fed's monetary policy decisions. Powell emphasized the Fed's independence from political pressures, asserting that policy decisions will be based on economic data rather than anticipated fiscal changes.
Source: YAHOO