Trump Victory Raises Big Uncertainties for the Federal Reserve

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The story "Trump Victory Raises Big Uncertainties for the Federal Reserve" was covered 2 weeks ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 2w ago

Trump Victory Raises Big Uncertainties for the Federal Reserve - The Straits Times

Quick Summary:

WASHINGTON – Donald Trump’s victory in the Nov 5 presidential contest injects deep uncertainties into the US economic outlook that could alter the Federal Reserve’s policy calculus in the months ahead, while renewing questions about how fiercely he might pressure the central bank during his second term in the White House.

Mr Powell and other officials have repeatedly assured the public they aim to stay out of partisan politics and don’t take political considerations into account when setting monetary policy.

During Trump’s first term, he explored firing Mr Powell, a move that would have been unprecedented and legally questionable, according to legal scholars.