Reported about 22 hours ago
President Trump has launched a new offensive against Federal Reserve Chair Jerome Powell, suggesting that alleged mismanagement of a renovation project could justify Powell's dismissal. This unprecedented move raises concerns about the Fed's independence, which is crucial for maintaining market stability and effectively managing the economy. Trump's criticism stems from Powell's decision to keep short-term interest rates steady at 4.3%, prompting fears that politicization of the Fed could lead to rising interest rates and economic instability.
Source: YAHOO