Trump Victory Raises Big Uncertainties for the Federal Reserve

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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Central Powell Fed’s First Bank Trump Policy Trump’s Federal Chair Term

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 21:39:39 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1130 words

Reading Time: 7 minutes read

Sentences: 43 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23448359

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 19 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions