Fed showdown: Donald Trump’s legal move against Jerome Powell sharpens rate-cut battle; raises questions over central bank independence
The US Justice Department's threat to indict Federal Reserve Chair Jerome Powell over building renovations has sparked a major clash with the White House. Powell claims this is a pretext to force interest rate cuts, asserting his commitment to independent monetary policy. This unprecedented challenge to the Fed's autonomy raises concerns for markets and the broader economy.
The US Justice Department's threat to indict Federal Reserve Chair Jerome Powell over building renovations has sparked a major clash with the White House. Powell claims this is a pretext to force interest rate cuts, asserting his commitment to independent monetary policy. This unprecedented challenge to the Fed's autonomy raises concerns for markets and the broader economy. What's Your Reaction?
